StockMarketWire.com - Consultancy group Triad made an operating profit of £165,000 for the year to March, against a 2008 loss of £478,000.

Revenue totalled £32.8m, down from the previous £33.3m. Cost savings resulted in administrative expenses falling 5.1% to £5.98m.

The company reduced net borrowings to £0.61m from £1.12m.

Chairman John Rigg said some operations had been affected by the global economic crisis, with customer decisions taking longer to conclude and budgets coming under closer scrutiny.

'Despite this, the group's overall trading performance has only been marginally impacted. The group has, as part of its strategy, maintained a broad portfolio of market sectors, within which its niche capabilities and expertise are still in demand.'

Triad's location intelligence business Zubed continued to develop and the first orders had now been been secured.

No dividend has been declared.




Story provided by Business Financial Newswire