6th Jun 2023 10:15
Oxford Metrics PLC - Oxford-based software provider - Posts revenue of GBP21.3 million for the six months ended on March 31, up 70% from GBP12.6 million the year before. Says revenue has benefitted from the delivery of GBP3.5 million of orders largely in the Entertainment segment. Pretax profit jumps to GBP3.9 million from GBP600,000, as basic earnings per share surge to 2.49 pence from 0.65p the year before. Order book amounts to GBP22.0 million on March 31, up 68% from GBP13.1 million on the same date a year earlier. Looking ahead, says overall cost base in the second half is expected to rise, as costs continue to normalise following the pandemic. But it says it is well-placed to deliver full year results ahead of current market expectations considering the current orderbook.
Chief Executive Officer Nick Bolton says: "I am delighted to announce that Oxford Metrics is reporting its strongest ever half year trading performance, driven by the buoyant demand in all our market segments and supported by a healthy order book of GBP22.0 million as we move into the second half."
Current stock price: 108.80 pence each, up 12% on Tuesday morning in London
12-month change: down 3.3%
By Xindi Wei, Alliance News reporter
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