18th Feb 2014 09:02
LONDON (Alliance News) - Kalibrate Technologies PLC Tuesday said it has continued to make strong progress since listing on AIM last year and expects to report an increase in pretax profit for the half-year.
The company, which provides proprietary software-based products and services to the global petroleum retail industry, said it expects to report revenue of no less than GBP8.8 million for the six months ended December 31 2013, compared with GBP7.5 million in 2012.
In December, the group signed a key multi-year full-managed services contractual commitment with a global oil company, which is expected to generate an additional GBP1.2 million in annual recurring revenue from July.
The group's full-year earnings are expected to be in line with management expectations.
The stock was trading at 103.60 pence Tuesday morning, up 5.60 pence or 5.7%.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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