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26 Mar 2019 | 08:32

Pelatro profit more than doubles as contract wins boost sales

Marketing software group Pelatro more than doubled its annual profit, as an acquisition and new contract wins boosted sales.

Pre-tax profit for the year through December rose to $2.5m, up from $1.1m on-year.

Revenue jumped 95% to $6.1m.

'With our growing customer base, we have an increasing ability to cross-sell our products deeper across our network,' chairman Richard Day said.

'We are winning new business with the telcos and have announced two new customers already in the current year, in addition to the launch of our data monetization platform.'

'Visibility over some $5.2m of revenue and a $15m pipeline, gives us every confidence as we look forward to the rest of the year.'

At 8:32am: (LON:PTRO) Pelatro Plc share price was +3.5p at 93.5p

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