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IN BRIEF: Idox Set To Swing To Annual Profit On Revenue Growth

17th Nov 2020 18:01

Idox PLC - supplier of specialist information management software - For the year to the end of October, pretax profit is set to be GBP2.3 million, swinging from loss of around GBP30,000. This is on revenue growing by 4% to GBP68.0 million from GBP65.5 million the prior year.

Trading in current financial year in line with management expectations with continued contract momentum and strong revenue visibility. Closing order book for year ending October 2021 and beyond stands at GBP15.9 million, up from GBP12.1 million the year before.

In addition, is still planning to reinstate a final dividend for its 2020 financial year. Will publish its annual results in February 2021.

Current stock price: 52.00 pence

Year-to-date change: up 50%

By Dayo Laniyan; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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