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IN BRIEF: Kainos says annual results to be in line with consensus

19th Apr 2023 09:05

Kainos Group PLC - Belfast-based provider of digital services to the public sector, healthcare market and commercial customers - Says trading in the year ended on March 31 continues to be strong across three divisions. Expects annual results to be in line with current consensus forecasts with revenue in the range of GBP351.7 million and GBP378.0 million, and adjusted pretax profit to be in the range of GBP66.1 million to GBP68.0 million.

"Our performance has been underpinned by our long-term customer relationships, and we remain extremely grateful to our customers for the trust that they have placed in Kainos to help them deliver their ambitious digital projects," Kainos says.

Back in November, Kainos said in the six months that ended September 30, pretax profit increased 11% to GBP27.5 million from GBP24.8 million in the same period last year, as revenue rose 26% to GBP179.8 million from GBP142.3 million.

Current stock price: 1,318.00 pence each, down 4.8% on Wednesday morning in London

12-month change: up 4.5%

By Xindi Wei, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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