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Interim Results

SDL posts much lower H1 pretax profit

02 August 2016 07:40

SDL Plc has posted a much lower H1 pretax profit of £0.9m, from a year-ago profit of £6.0m. Revenue had tapered to £133.7m, from £133.9m.

CEO Adolfo Hernandez said much work had been done to more clearly understand our clients' needs and how to better align the company's product and services offering to them.

"In the short-term I believe there are areas where we can improve productivity and efficiency but there remains a lot of work to do to take full advantage of the opportunities in our chosen markets," he said.

"We are working hard to create a more scalable platform to compete even more effectively as one of the leaders in our industry. SDL has the right strategy in place and I am excited about the opportunity ahead of us.

"We have started executing our strategic plan and as we enter the second half, we are confident of the outlook for the current financial year and beyond."

Story provided by StockMarketWire.com

Related Company: SDL

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