28th Sep 2021 11:41
Microlise Group PLC - Nottingham, England-based transport management software firm - Posts improved interim profit as lorry operators look to improve efficiencies by using software amid the ongoing lorry driver shortage in the country. Posts a pretax profit of GBP2.2 million, up sharply from GBP700,000 a year before. Microlise changed its financial year end to December from June, with these interim results therefore covering a 12-month period. Revenue is up 14% to GBP57.0 million from its previous GBP50.0 million position.
The firm notes that gross margins have reduced due to the higher prices paid as a result of the global chip shortage, with additional component costs of GBP500,000 because of this.
"Long term, we are confident about the prospects for the group as fleet operators wrestle with the need to become more efficient and meet demanding environmental regulations. Challenges which our product portfolio can help them meet," comments Chief Executive Nadeem Raza.
Current stock price: 220.00 pence, down 5.4% Tuesday
Year-to-date change: up 50% since July float
By Will Paige; [email protected]
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