UK's TPXimpact falls after co posts drop in H1 revenue

Tpximpact Holdings

28/11/2024 12:35

** Shares of UK-based technology-enabled services co
TPXimpact Holdings  TPXT.L  fall 3.8% at 38.5p
    ** Co reports HY rev of 37.8 mln pounds ($47.82 mln), down
from 41.6 mln pounds a year ago
    ** Co CEO Bjorn Conway cites slowdown in spend in core
client sector of Central Government
    ** However, H1 adj pretax profit jumps 90% to 1.1 mln pounds
    ** Co reaffirms FY25 outlook
    ** TPXimpact very well positioned to win new contract from
the government, says equity research analyst at Stifel Europe
    ** Attributes Thursday's drop to investors selling off stock
on the back of recent sharp rise in share price rather than
anything negative in the results
    ** Stock up about 30% since Nov 12 when reaffirmed its FY25
outlook 



($1 = 0.7905 pounds)

 (Reporting by Megha Kumari in Bengaluru)
 ((Megha.kumari@thomsonreuters.com))