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IN BRIEF: Triad celebrates return to profit, busy recruitment process

7th Mar 2024 20:16

Triad Group PLC - Godalming, England-based technology consultancy - Company revisits Executive Chair John Rigg's statement from December which cited Rigg as very confident and enthusiastic about the state and prospects of the company. Rigg says: "I am delighted to confirm that both these statements are proving to be more than amply justified." He says that the company has won major and long-term pieces of new business since its December statement. Rigg says: "We returned to profit in November and, apart from the Christmas/New Year holiday period, have been on a strongly rising trajectory ever since. Cash flow, as normal, is following closely behind the profit trend. We have been nominated for more national awards. Our recruitment process is operating at full steam ahead with great success." Further, he adds that costs of setting up the new projects will be absorbed in the fourth quarter, noting that it will enable the company "to get off to a flying start" in the new financial year beginning in April.

Current stock price: 200.00 pence per share, closed 9.6% higher on Thursday in London

12-month change: up 51%

By Tom Budszus, Alliance News slot editor

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