6th Aug 2015 08:04
LONDON (Alliance News) - PROACTIS Holdings PLC on Thursday said its full-year results are set to meet its expectations, with substantial increases in revenue and adjusted earnings.
PROACTIS, which provides spend control and e-procurement services, said its revenue for the year to the end of July will be around GBP17.2 million, 69% higher than the GBP10.2 million it posted a year earlier. Adjusted earnings before interest, taxation, depreciation and amortisation, are set to more than double to GBP4.6 million from GBP2.0 million.
The company said it signed 39 deals in the year, up from 38 the year before, with initial contract values, its order book and pipeline all encouraging.
"I am delighted to be able to report the substantial progress over the past six months, both operationally and financially. The group's scale and growth rate have been transformed during 2015 through both its organic growth and its three acquisitions, with profitability increasing substantially," said Rod Jones, PROACTIS's chief executive.
PROACTIS shares were up 2.2% to 93.00 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
PHD.L