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Interim Results

Softcat's H1 pretax profit slips lower

17 March 2016 07:48

Softcat has booked an H1 pretax profit of GBP15.4m, from GBP17.3m a year ago. Revenue improved to GBP293.6m, from GBP265.8m. The results included exceptional costs of GBP3.7m, from GBP58,000. Maiden interim dividend was 1.7p a share, from nil.

CEO Martin Hellawell commented:

"We are very pleased to report strong results for our first half year as a public company. The first half included the significant event of our IPO at the end of November but despite all the work and distraction involved with that, I am delighted that the Company has continued to make good progress and deliver growth.

"The second half has started well and we remain confident in meeting the Board's profit expectations for the full year.

"I'd like to take this opportunity to thank all of the Softcat employees who have produced another set of excellent figures for the Company and shareholders."

Story provided by StockMarketWire.com

Related Company: SCT

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