Share Price.com
Market Update Economic Events Directors Deals Commodities Prices News Market Movers

SysGroup profits grow after Rockford IT acquisition

Wednesday, 27th June 2018
IT services and cloud-hosting provider SysGroup said it doubled adjusted annual profits after an acquisition helped boost sales.

Adjusted pre-tax profit in the year through March grew to £0.49m, up from £0.24m a year earlier.

On a statutory basis, pre-tax losses narrowed to £7k, compared to a £1.35m loss a year earlier.

The statutory figure included share-based payments and costs relating to acquisition and restructuring, the company said.

Revenue grew 46% to £10.45m following the acquisition of Rockford IT, while organic revenue grew 21%.


At 8:36am: (LON:SYS) Sysgroup Plc share price was +2p at 41.5p



Story provided by StockMarketWire.com

Related Shares: Sysgroup

Share Search
Share Search Share Search

Visit the Share Search.
Share Search

Share News
Share News



SharePrice.com will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is, free of charge. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. UK data supplied by NBTrader and Digital Look. Share Prices are at least 15 minutes delayed.