- Triad Group widened its H1 pretax loss to £0.2m, from £0.15m. Revenue was £9.2m, from £9.8m. Most of the loss was due to cost of sales and administrative expenses.

"A frustrating start to the first quarter of the financial year saw a number of project delays causing lower than expected levels of utilisation in the consulting business," the company said.

"The resulting losses incurred in April and May contributed a significant proportion of the losses reported in these interim results. Since then, trading has improved steadily through to the second half of the financial year with a number of encouraging developments in the business."

During the half, Triad had continued to strengthen and develop its service models across the Group and have made advances through leveraging synergies between Group operating segments.

"We have been successful in increasing the number of strategic engagements resulting in improved fee rates and utilisation in the Consulting business."

At 8:14am: [LON:TRD] Triad Group PLC share price was -3.5p at 11.75p

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