StockMarketWire.com - Computer-board manufacturer Concurrent Technologies posted a large rise in first-half profit, though it warned it may not be able to generate as much revenue in the second half.

Pre-tax profit for the six months through June rose to £2.7m, up from £1.1m on-year.

Revenue climbed by a fifth to £9.5m.

Concurrent Technologies declared an interim dividend of 1.05p per share, up 11% on-year.

'The operational performance during the first half of the year has been strong with excellent sales, good cost control and successful recruitment into the senior management team,' chairman Michael Collins said.

'Whilst the turnover of the first half may not reach the same level in the second half, the increased order intake has resulted in a new record order book, the majority of which is expected to ship within the next 12 months.'

'As such, the board is confident that the company will deliver a successful performance for the full financial year.'




At 2:39pm: [LON:CNC] Concurrent Technologies PLC share price was +5.5p at 68.5p



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