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22 Jan 2019 | 14:03

Ideagen posts loss as acquisition costs offset rising sales

Risk management software provider Ideagen swung to a first-half loss after rising revenue was offset by acquisition and restructure costs.

Pre-tax losses for the six months through October amounted to around £0.6m, compared to a profit of around £0.7m on-year.

Revenue rose 22% to £21.0m, while adjusted pre-tax profit, which stripped out the one-off acquisition costs, rose 17% to £4.8m.

Ideagen declared an interim dividend of 0.09p per share, up 15% on-year.

'Current trading is in line with market expectations and the acquisitions made in the first half are performing well,' chief executive Ben Dorks said.

At 2:03pm: (LON:IDEA) Ideagen share price was +2p at 134p

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