6th Sep 2022 12:03
Pebble Group PLC - Manchester, England-based technology and services provider - Profit in the six months to June 30 rises as demand from underlying customers grows. Pretax profit grows 47% to GBP2.8 million from GBP1.9 million a year prior. Revenue climbs 29% to GBP60.3 million from GBP46.8 million. Apart from growing customer demand, company says profit growth was also "achieved through increases in our management fees from additional partner numbers, implementation of a new tiered pricing structure and growth in our marketing fund where we benefited from partners increasingly utilising our preferred suppliers."
Chooses against paying an interim dividend as it expects investment opportunities in Facilisgroup LLC, a software solutions builder based in Missouri, US. Anticipates 2022 revenue to be in line with market expectations.
"The board expects a record year of results," it says, describing half-year growth as "strong".
Current stock price: 103.50 pence, up 2.5% on Tuesday
12-month change: down 31%
By Tom Budszus; [email protected]
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