|
Touchstar PLC - Manchester-based supplier of mobile data computing services - Posts revenue of £3.1 million in the six months to June 30, up 6.9% from £2.9 million a year ago. Pretax profit doubles to £104,000 from £52,000. Says order book on June 30 amounted to £1.1 million, 71% higher compared to £621,000 a year ago, driven by ‘major projects in the petrochemical sector returning to normal levels having been halted by the pandemic’.
Chair Ian Martin says: ''I am pleased to report that the group has delivered a strong first half performance as a result of solid market demand enhanced by sound management and a focused strategy. Current trading is in line with expectations, and we are pleased to report that our order book at September 12 is ahead of this time last year.‘
Earnings before interest, tax, depreciation and amortisation amount to £571,000, up 23% from £464,000 a year earlier. Looking ahead, Touchstar says it is confident in the medium term, due to a ’significant uptick in the level of activity in largest market of petrochemical distribution‘.
Current stock price: 74.07 pence, down 1.2%
12-month change: down 13%
Copyright 2022 Alliance News Limited. All Rights Reserved.
|
