RNS June for info31 Aug 2018 16:08
Toople Plc (LSE: TOOP), a provider of bespoke telecom services to UK SMEs, today gives the following update on trading.
The Board is pleased to report that during the three months since 31 March 2018 the Company has made significant operational progress across a number of key areas within the business. The Company has achieved a number of new contract wins which are performing well and driving revenue growth. Total orders received across the business during the period were up 218% when compared to the same period in 2017.
Total revenues in the quarter grew by 27.2% when compared to 2017. During the period, gross margins also improved to 14.76% (2017: 11.95%) and within the retail division this was even higher at 23.7% (2017: 17.6%). Overall this has resulted in gross profit growth of 57.1% when compared to the corresponding period last year.