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IN BRIEF: Touchstar shares jump on interim revenue and profit growth

26th Jul 2022 11:25

Touchstar PLC - Manchester-based supplier of mobile data computing services - Records revenue growth of 6.9% to GBP3.1 million from GBP2.9 million in the first half of 2022. Recurring revenue rises 18% to GBP1.3 million from GBP1.1 million. Says it recorded "substantially higher" profit in the period. Order book grows 75% to GBP1.1 million from GBP600,000. Attributes performance to positive trends in trading and customer activity that continued throughout the period. Remains focused on delivering full-year results "at least" in line with market expectations.

Current stock price: 85.00 pence, up 11% on Tuesday

12-month change: up 13%

By Abby Amoakuh; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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Touchstar Plc
FTSE 100 Latest
Value8,809.74
Change53.53