StockMarketWire.com - K3 Business Technology Group's adjusted pre-tax profits rose by 51% TO £6.6m in the year to the end of June.

Revenues were up 13% at £71.95m with recurring revenues rising 2.5$ to £35.42m.

Adjusted earnings per share rose by 33% to 18.6p and the dividend of 1.25p is 25% up on a year ago.

Chairman Tom Milne said: "Today's results show an encouraging improvement in the business which is expected to continue into 2014/15. Having restructured the business and invested heavily in intellectual property over the last two years, especially in retail, we have opened up new opportunities. It is particularly pleasing to record that our new flagship Microsoft-based solution, 'axHTMLPIPESYMBOLis', is now seeing encouraging traction, having moved into commercial marketing during the year. With a strong pipeline of opportunities ahead, supported by a stable and profitable underlying business, the outlook for K3 is particularly encouraging."




At 8:26am: [LON:KBT] K3 Business Technology Group PLC share price was +6p at 220p



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