Cerillion 1H Revenue, Pretax Profit Rose Thanks to Strong Demand

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By Kyle Morris

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Cerillion PLC said Monday that revenue and pretax profit increased for the first half of its fiscal 2022 amid strength in demand for its services.

The London-listed software provider said that for the six months ended March 31 pretax profit was 5.6 million pounds ($6.9 million) compared with GBP3.3 million for the first half of fiscal 2021.

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Revenue for the period was GBP16.1 million compared with GBP12.8 million a year earlier, driven by its implementation projects for new customers and new orders from existing customers.

Cerillion said it is well-placed to meet its full-year targets thanks to existing major projects, its healthy back-order book, a strong new customer pipeline and new customer contract discussions.

The board declared an increased interim dividend of 2.6 pence a share compared with 2.1 pence a year earlier.

“Given the company’s progress, and its strong financial and operational position, we continue to view prospects very positively,” Chief Executive Louis Hall said.

Write to Kyle Morris at [email protected]

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Credit: www.marketwatch.com /

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