5th Jul 2021 12:54
Dev Clever Holdings PLC - Tamworth, England-based software developer for immersive career guidance and consumer engagement experiences - Pretax loss in six months to April 30 narrows to GBP297,053 from GBP596,724 a year before. Revenue in first half surges to GBP2.4 million from GBP382,554. Revenue growth driven by significant contract wins in its Educate unit. Administrative expenses rise to GBP1.9 million from GBP768,728.
"We continue to make material and incremental progress which is starting to be reflected in our financial performance. Our innovative Indian partnership and roll-out initiatives with Veative and NISA remain on track, and we have recently secured both local and national government contracts. The post period end project with the Common Service Centre further demonstrates the significant interest and confidence that our platform is receiving in India," Chief Executive Chris Jeffries says.
He adds: "With our substantially increased financial resources we can and will support accelerated investments in our people, proprietary content, technology, partnerships, M&A and infrastructure. This in turn should translate into additional growth already strongly underpinned by recent contract wins."
Current stock price: 41.75 pence
Year-to-date change: up sharply from 15.30p
By Paul McGowan; [email protected]
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