Tikit sees strong second half performance
Tikit Group, a provider of consultancy services, has reported strong trading for the second half of the year ended 31 December, with full year results in line with market expectations.
Tikit Group, a provider of consultancy services, has reported strong trading for the second half of the year ended 31 December, with full year results in line with market expectations.
The improved operating margin announced at the interim stage has been maintained for the full year as the firm sees itself increasing revenues derived from its own software.
There has been a positive net cash inflow during the year, reflecting the cash generative nature of its operations, the firm said.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
In a statement the group added that, "we finished the year strongly and have secured a healthy pipeline of implementation work, which, combined with our focus on recurring revenues from its support services and sales of Tikit-developed software, provides the board with confidence for continued growth in 2012."
The share price rose 0.87% to 290p by 14:07PM.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Millions at risk of 'unnecessary' tax bill – how to shield your savingsMillions of Brits could be taxed on their savings interest this year as their savings interest exceeds the personal savings allowance. Are you at risk?
-
Savers will have to wait as long as 48 years to build a £1m cash ISA pot if allowance is cutChancellor Rachel Reeves is rumoured to be planning a cut to the cash ISA allowance in the Autumn Budget, making it harder for savers to build wealth. Will you still be able to build a £1 million cash ISA pot?
