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accesso Technology Group PLC - Berkshire, England-based provider of software for leisure, entertainment and cultural sectors - Posts revenue of $139.7 million for 2022, up 12% from $125.0 million in 2021. Says this strong growth was driven by a combination of new business volume and growing product utilisation across our product set. Pretax profit rises by 2.5% to $12.4 million from $12.1 million, as gross profit climbs to $104.0 million from $96.4 million a year earlier. Earnings before interest, tax, depreciation and amortisation amounts to $25.8 million, down 8.3% from $28.1 million in 2021. Administrative expenses increase 10% to $91.2 million from $82.9 million. Looking ahead, expects 2023 to be profitable and cash generative in line with current expectations. Chief Executive Officer Steve Brown says: ‘In 2022 we delivered a record year for revenue, continuing our robust growth trend as well as very strong cash Ebitda, beating our expectations.’ Current stock price: 689.99 pence each, up 2.5% on Tuesday morning in London 12-month change: down 17% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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