StockMarketWire.com - Digital identity services provider Intercede reported further 'good progress' following last year's return to profit as efforts to cut costs and higher revenue boosted its half-yearly performance. For the six months ended 30 September, revenue was about 5% higher than last year.

That performance was in line with expectations and reflected a strong end to the half, with orders received from both new and existing customers resulting in revenues of £4.4m, up from £4.2m a year ago, the company said.

'We are also pleased to report that continued tight cost control has resulted in a positive operating cashflow during the period with cash balances as at 30 Sep 2019 totalling £5.2m compared to £3.2m as at 31 Mar 2019,' Intercede said. At 8:09am: [LON:IGP] Intercede Group PLC share price was +1p at 34p



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