StockMarketWire.com - IT services company Triad Group booked a fall in annual profit as contract losses hurt sales.

Pre-tax profit for the year through March fell to £1.0m, down from a profit of £1.7m on-year.

Revenue fell 18% to £22.7m.

'Revenue has declined predominantly due to contractor numbers across two large private sector accounts reducing significantly during the year, a trend emerging towards the end of the previous financial year,' the company said.



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