Brief: Instem Plc H1 Pretax Profit 1.2 Million Stg Versus 1.9 Million Stg

Instem

27/09/2021 08:22

Sept 27 (Reuters) - Instem PLC  INS.L :
    * HALF-YEAR REPORT
    * H1 ADJUSTED PRETAX PROFIT 2.9 MILLION STG VERSUS 2.1
MILLION STG
YEAR AGO
    * H1 PRETAX PROFIT 1.2 MILLION STG VERSUS 1.9 MILLION STG
YEAR AGO
    * H1 ADJUSTED EBITDA ROSE 39 PERCENT TO 4.2 MILLION STG
    * H1 REVENUE ROSE 41 PERCENT TO 19.8 MILLION STG
    * H1 DILUTED EARNINGS PER SHARE 4.8 PENCE VERSUS 9.5 PENCE
YEAR
AGO
    * H1 ADJUSTED DILUTED EARNINGS PER SHARE 12.8 PENCE VERSUS
10.7
PENCE YEAR AGO
    * BOARD HAS NOT RECOMMENDED PAYMENT OF A DIVIDEND.
    * SAYS CONTINUED TRANSITION TO SAAS MODEL FURTHER INCREASED
EARNINGS VISIBILITY AND UNDERLYING MARGINS ACROSS BUSINESS
    * ACQUISITIONS  OF EDGE AND D-WISE ARE INTEGRATING WELL
INCREASING
RECURRING REVENUES, STRENGTHENING RELATIONSHIPS WITH CLIENTS
    * TRADING PERFORMANCE FOR CURRENT FINANCIAL YEAR TO BE
SLIGHTLY
AHEAD OF BOARD'S PREVIOUS EXPECTATIONS.

Source text for Eikon:  ID:nRSa9867Ma 
Further company coverage:  INS.L 

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