Made Tech gains on strong half-year performance

Made Tech

01/02/2023 10:15

** Shares of IT services & consulting co Made Tech Group
 MTECM.L  up 9% at 29p
    ** Co revenue jumps 76% to 20.6 mln pounds ($25.37 mln) for
six months ended Nov. 30
    ** Says HY adj. core profit of 0.5 mln pounds in line with
management's expectations 
    ** Sees margins to materially improve in H2
    ** Co says it secured three contracts worth 27 mln pounds in
recent weeks
    ** Stock up ~27% YTD
($1 = 0.8120 pounds)
 (Reporting by Sruthi Narasimha Chari in Bengaluru)
 ((Sruthinarasimha.chari@thomsonreuters.com))