23rd Jul 2024 07:32
AdvancedAdvT Ltd - London-based owner of software for business solutions, healthcare compliance, and human capital management businesses that were formerly part of Capita PLC - Reports pretax profit from continuing operations of GBP5.2 million in the eight months ended February 29, up from GBP1.4 million in the 12 months ended June 30, 2023. Revenue is GBP21.1 million, compared to none the year before. AdvancedAdvT completed its reverse takeover of the Capita businesses in August of last year, and the recent results cover its period of ownership of those operations. Since the new financial year began on March 1, trading has been in line with board expectations, AdvancedAdvT says, securing "a number of large, long-term contracts across both public sector and private sector customers".
The former acquisition vehicle continues to hold a 9.8% stake in advertising agency M&C Saatchi PLC.
Current stock price: 145.00 pence for GBP187.8 million market capitalisation
12-month change: up 56%
By Tom Waite, Alliance News editor
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