StockMarketWire.com - Triad Group has reported a profit after tax of £0.1m for the half year compared to a loss for H1 2010/11 of £0.4m.
The company's results for the six months ended 30 September 2011 also show revenue of £9.6m for the six months ended 30 September 2011 (H1 2010/11: £12.3m) with gross profit as a percentage of revenue: 16.2% (H1 2010/11: 15.3%.
EBITDA was £0.1m (H1 2010/11 £0.1m loss) with operating loss after exceptional items: £0.1m (H1 2010/11: £0.3m loss). A statement from the board said: "The uncertain economic climate continues to create challenging trading conditions for the Group, particularly in the public sector which now accounts for less than 20% of the Group's revenues.
"However, cost cutting exercises and measures taken to consolidate the business have provided a stable platform, and trading into the second half of the year has been in line with internal expectations."
At 10:06am: [LON:TRD] Triad Group PLC share price was -1.5p at 10p
Story provided by StockMarketWire.com
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