UK's Concurrent Technologies shares drop as earnings growth disappoints

Concurrent Technologies

13/04/2026 11:37

April 13 (Reuters) - ** Shares of UK's Concurrent Technologies CNCT.L down 7% at 192.5p

** Co's FY pre-tax profit jumps 25% helped by record order intake, while EPS grows only 7%, disappointing some investors, Stifel analyst Peter McNally says

** Analyst says the difference in pace of growth is due to changes in the tax is accounted for on the income statement and the effect will "wash out in the year ahead"

** CFO Kim Garrod intends to retire and step down by the end of 2026

** YTD, CNCT stock has fallen 12.6%

(Reporting by Akshaya  V.)

((AkshayaV@thomsonreuters.com;))