28th Jan 2016 10:30
LONDON (Alliance News) - IT support services provider Scisys PLC on Thursday said its underlying results should meet market expectations for 2015 following encouraging trading across the business.
Scisys said trading in the second half improved, backing its previously expressed view that the issues it faced on a troublesome contract in the first half would prove temporary.
The group said it won several key contracts in the final quarter of 2015, leaving it well positioned for growth in 2016.
"After a challenging first half of 2015, it is pleasing to confirm a recovery in the second half and the establishment of a solid platform for returning to the levels of profit and margin expectations in 2016 and beyond that investors have experienced in the recent past and can reasonably expect going forward," said Chairman Mike Love.
Scisys shares were up 4.8% to 71.77 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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