UK's Pebble Beach Systems rises on higher HY orders
24/01/2023 11:28
** Shares of software firm Pebble Beach Systems PEB.L up
as much as 12.4% at 8.9p; hitting their highest levels in almost
five months
** Co says its orders in H2 was 24% higher than H1 helped by
robust demand
** PEB sees FY results in line with market views as co
benefited from a strong second half
** Co sees FY revenue of 11.2 mln stg($13.78 million) vs
10.6 mln stg; adjusted core profit of about 3.3 mln stg vs 3.2
mln stg as reported last year
** PEB says it has also effectively managed increasing costs
and hardware lead times amid a shortage of semi-conductors
** Co adds it sees its net debt to continue to reduce in
2023
** As of last close, stock up 10% YTD
($1 = 0.8127 pounds)
(Reporting by Sinchita Mitra in Bengaluru)
((Sinchita.mitra@thomsonreuters.com))