20th Jun 2023 11:47
Intercede Group PLC - Lutterworth, England-based cybersecurity software company - Posts revenue of GBP12.1 million for financial year ended on March 31, up 22% from GBP9.9 million the year before. Pretax profit increases to GBP626,000 from GBP323,000, as gross profit rises to GBP11.7 million from GBP9.7 million the year before. Operating profit increases to GBP571,000 from GBP390,000. Looking ahead, says it has been an "encouraging" year. Backs current momentum as it focuses on growth.
Chair Royston Hoggarth says: "It has been a promising year of both financial and operational progress, and Intercede is now strongly positioned for further growth. With the current macro-economic environment harder to assess and navigate, the group will continue to be vigilant on its liquidity position and is well placed to make strategic acquisitions when the opportunity arises."
Current stock price: 49.00 pence each, down 8.4% on Tuesday at midday in London
12-month change: up 4.3%
By Xindi Wei, Alliance News reporter
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