26th Apr 2022 11:51
Northcoders Group PLC - Manchester-based training programmes for software coding - Says revenue more than doubled to GBP3.0 million in 2021 from GBP1.3 million in 2020. Pretax profit narrows to GBP523,588 from GBP1.2 million. Attributes its performance to strong demand. Says it is trading in line with expectations. Revenue visibility stood at GBP3.6 million at the end of the first quarter, representing 55% of the target revenue for 2022.
"We are delighted to report such a strong set of maiden financial results, demonstrating that Northcoders is successfully delivering its IPO growth strategy," Chief Executive Chris Hill says.
Current stock price: 316.00 pence, up 24% on Tuesday
12-month change: up 76% from 180p listing price in late July 2021
By Abby Amoakuh; [email protected]
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