IN BRIEF: Cohort swings to interim profit as revenue jumps; ups payout
16th Jan 2023 14:02
Cohort PLC - Reading, England-based technology company with five businesses serving defence and security sectors - Turns to a pretax profit in the half-year that ended October 31. Swings to pretax profit of GBP1.1 million from a loss of GBP1.7 million a year prior. Revenue surges 29% to GBP77.5 million from GBP60.0 million. Cost of sales increase 37% to GBP53.2 million from GBP38.9 million. Declares interim dividend of 4.25 pence per share, up 10% from 3.85p. Looking ahead, outlook remains unchanged with a "record" high order book of GBP304.2 million at October 31, up 4.5% from GBP291.0 million at April 30. "Overall, we continue to see a positive outlook for organic growth in the years ahead," says Chair Nick Prest. Read More