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Annual Results

Innovation Group's FY pretax profit slips lower

19 May 2015 07:46

Innovation Group's FY pretax profit has slipped to £3.3m, from a year-earlier profit of £4.8m. Revenue was £112.8m, from £101.7m. Dividend per share was 0.58p, from 0.65p.

CEO Andy Roberts commented:

"Following the recent contract wins, underlying momentum in the business is strong. The last six months have seen us deliver double digit increases in revenue and adjusted profit and, at the same time, our newly separated Software and Business Services divisions are now tightly aligned to their target markets.

"Both teams are fully focused on the opportunities ahead and it is particularly encouraging to see our Software business begin to gain traction."

Story provided by StockMarketWire.com

Related Company: TIG

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