(Alliance News) - NCC Group PLC on Thursday said its performance improved in the first half of its current financial year amid a transformation plan.
The cyber security company said its pretax profit in the six months to the end of November grew by 3.5% to GBP9.0 million from GBP8.7 million, as revenue climbed by 5.3% to GBP132.7 million from GBP126.0 million.
NCC Group maintained its interim payout at 1.5 pence a share.
In May 2018, the company had launched a three-year transformation programme "to become the leading cyber security adviser globally".
During the first half, NCC said the majority of its "transformation effort" has gone into preparing and installing new systems. The company noted that it is "pleased" with the speed of its progress so far and, over the next six months, its intent is to "substantially" finish the installation of these new systems.
"Our performance strengthened over the course of the period, and we enter the second half with positive momentum and a robust order book across our businesses," said Chief Executive Adam Palser.
"We remain excited by the group's long term prospects and are confident in delivering full year performance in line with expectations," added Palser.
NCC shares were trading 0.6% higher early on Thursday at 209.30 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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