9th Jul 2015 10:41
LONDON (Alliance News) - NCC Group PLC Thursday said it's confident of sustainable growth as it integrates the newly acquired Open Registry into its domain services division and Accumuli into its assurance operations.
NCC, which provides escrow, verification, security consulting, website performance, software testing and domain services, said pretax profit it fell to GBP21.4 million pretax profit in the year ended May 31, compared with GBP23.2 million in the prior year, mainly due to investment into its domain services division.
Its established escrow and assurance businesses organically grew revenue by 5% and 18%, resulting in an 11% increase in operating profit before accounting for the domain services investment.
Chief Executive Rob Cotton said the domain services business is "well positioned" to take advantage as new top level domains with different endings to the widely recognised .com and .org become available in the coming years.
"Across the group the current financial year has started well and the market for its services is stronger than ever," NCC said.
NCC increased its total dividend to 3.98 pence from 3.5p.
Shares in NCC were up 3.2% at 224.00p on Thursday morning.
By Samuel Agini; [email protected]; @samuelagini
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