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Interim Results

Softcat improves H1 pretax profit in 'strong' results

22 March 2017 07:28

Softcat has improved its H1 pretax profit in what it described as a "strong" set of results, commenting that it was confident of meeting expectations for the FY.

"Growth in gross profit, our primary measure of income, was 14.1%," noted CEO Martin Hellawell in a statement.

"The company has made significant investments in new sales, services and technical resource over the past 18 months and the return on those investments is evident in our latest figures," he said.

Pretax profit was £20.98m, from £15.43m. Revenue was £378.45m, from £293.6m. Interim dividend was 2.9p a share, from 1.7p.

"The Board is confident of meeting its expectations for the full year," said Hellawell in a statement, adding he was very pleased with the "strong" set of interim results.

"Whilst trading in the first six weeks of the second half has been strong, we have some important months ahead and we remain focussed on the job in hand."

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Related Company: SCT

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