14th Sep 2015 08:25
LONDON (Alliance News) - Kalibrate Technologies PLC Monday reported a rise in pretax profit for its recently ended financial year, and said it has entered into a reseller partnership with Clear Demand Inc.
Under the partnership, Kalibrate will be able to provide in-store merchandise and promotion pricing capabilities from Clear Demand, white-labelled under the Kalibrate brand. No financial details of partnership were disclosed.
Kalibrate provides software and services for the fuel and convenience retail industries.
For the year to end-June the company posted a pretax profit of USD2.3 million, up from USD195,000 a year before, as revenue rose to USD32.5 million from USD28.8 million. The company produced a strong performance in North America and Europe, which offset a fall in revenue in the Rest of the World segment.
This was mostly caused by a 26% revenue decline in Japan, which offset an improvement in Africa and contract wins in Southeast Asia and Latin America.
In the previous year the company also booked exceptional costs related to its listing on AIM.
Kalibrate said it expects to see continued progress in the year ahead, and remains confident in meet its current targets for 2016.
"We have made a solid start to the current financial year, including an exclusive new reseller partnership, taking the group into in-store pricing, and the board remains confident that the group is in a strong position to continue its growth momentum moving forwards," said Chief Executive Officer Bob Stein in a statement.
Shares in Kalibrate were up 1.8% at 114.00 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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