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Trading statements

Servelec returns to operating profit growth

25 July 2017 09:33

Servelec (SERV), the UK-based technology and software group, said it returned to growth in its underlying profit in the first half of the year.

It said its healthcare and education businesses are trading in line with expectations and delivered profit growth at the half year.

Sales in social care were behind expectations.

The company's net debt at 30 June was £6 million and it aims to be debt free by year end.

Alan Stubbs, chief executive officer of Servelec, said: "We have a number of exciting developments taking place across our businesses as we continue to invest in our products and our people to ensure our customers continue to receive the high level of service they have come to expect from Servelec. We believe the outlook for the group remains positive."

At 9:33am: (LON:SERV) Servelec Group share price was -2.37p at 291.63p

Story provided by StockMarketWire.com

Related Company: SERV

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