7th Oct 2020 15:37
Getech Group PLC - geospatial technology company - Says projects continue to be delivered on time and to cost, orderbook continues to be honoured. Revenue for the six months to the end of June totalled GBP2.1 million compared to GBP2.5 million reported a year earlier, resulting in pretax loss of GBP561,000 versus GBP598,000 loss. Orderbook replenished, totalling GBP2.9 million as at June 30 compared to GBP3.1 million as at the end of 2019. Driving this performance was an "encouraging" licence renewal rate and new customer wins for Globe and other software products, Getech said. In services, agreements were extended, and new contracts secured in developing areas of activity. Getech also continues to deliver data sales, although in this area customer budgets have been pared back to essential needs.
Current stock price: 11.92 pence
Year-to-date change: down 55%
By Evelina Grecenko; [email protected]
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