7th Oct 2019 11:47
(Alliance News) - Intercede Group PLC on Monday reported further "good" progress following last year's return to profit.
The stock was trading 6.1% higher in London at 35.00 pence a share.
The security software company said revenue for the six months ended September 30 were 4.8% higher year-on-year. This is in line with expectations and reflects a strong end to the half with orders received from both new and existing customers resulting in revenue of GBP4.4 million in the first half compared to GBP4.2 million reported a year ago.
Intercede also reported a continued tight cost control, which, it said, has resulted in a positive operating cashflow during the period with cash balances as at September 30 totalling GBP5.2 million compared to GBP3.2 million as at March 31.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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