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Attract Group increases gross profit; loss before tax widens

Wed, 18th Sep 2019

Attraqt Group announced their results this morning with revenue increasing 7% from 8.4m to £9.0m. Gross profit increased by 35% to £6.6m (HY2018: £4.9m), however, loss before tax was £1.9m (HY2018: £1.8m). The company completed the acquisition of Personalisation Platform provider, Early Birds SAS on 29 May 2019. A number of new logos were signed including Joules, a worldwide soft drink manufacturer and a French multinational telecommunications corporation. Luke McKeever, Chief Executive Officer, commented: 'The past six months have been a milestone period for the Group. We have made great strides in the implementation of our refreshed strategy and it has been pleasing to see that all of the hard work we have undertaken operationally can be seen through the improvement in our financial performance.' 'Current trading is in line to meet full year expectations and we continue to be excited by the prospects for the Group. We believe we now have the fundamentals in place to deliver improved growth.' At 9:32am: (LON:ATQT) Attraqt Group Plc share price was +1p at 35.5p Story provided by StockMarketWire.com

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