Business
Half-year Report
Half-year Report.
About this update from Arcontech Group Plc
[{"type":"text","content":"\n \nRNS Number : 5683F Arcontech Group PLC 22 February 2018 \n\n \n \n \nARCONTECH GROUP PLC\n \n(\"Arcontech\" or the \"Group\")\n \nINTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2017\n \nArcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, is pleased to report its unaudited results for the six months ended 31 December 2017.\n \nHighlights:\n \n· Turnover increased by 9% to £1,213,776 (six months ended 31 December 2016: £1,115,232)\n· Profit before tax increased by 10% to £237,581 (six months ended 31 December 2016: £216,270)\n· Annual run-rate of recurring revenues at 31 December 2017 increased by 13% to £2.43 million (at 31 December 2016: £2.15 million). Net cash of £2,663,935 as at 31 December 2017 (31 December 2016: £2,089,855)\n· Trading in line and on track to meet management's full year expectations\n \nRichard Last, Chairman of Arcontech Group, said:\n \n\"Arcontech's ongoing investment in product development and enhancement, coupled with the flexibility provided by its strong balance sheet and high level of recurring revenues, supports the Board's confidence in the Groups long term future and its ability to meet the challenges in its business environment. Although we remain mindful of the long and unpredictable sales cycles we often face and the challenges this brings in predicting the timing of contract wins, the Board expects results for the full year to be in line with expectations.\" \n \nEnquiries:\n \n\n\n\n\nArcontech Group plc\n\n\n020 7256 2300\n\n\n\n\nRichard Last, Chairman and Non-Executive Director\n\n\n \n\n\n\n\nMatthew Jeffs, Chief Executive\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nfinnCap Ltd (Nomad & Broker)\n\n\n020 7220 0500\n\n\n\n\nCarl Holmes/Simon Hicks\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\n \nTo access more information on the Group please visit: www.arcontech.com\n \n \nThe information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.\n \nThe interim report will only be available to view online enabling the Group to com...