StockMarketWire.com - K3 K3 Group posts adjusted pre-tax profits of £3.56m for the six months to the end of December - 13% up on a year ago - on revenues of £41.67m, 21% up on last time.

Recurring income rose by 11% to £19.84m and pre-tax profits of £1.79m were 103% up on a year ago.

Chairman Lars-Olof Norell said: "These very encouraging results - with revenue up 21% to £41.67m and adjusted profit before tax*1 up 13% to £3.56m - reflect the progress K3 has made on many fronts, with both our new and established solutions for the retail and manufacturing and distribution sectors.

"A key growth driver continues to be our flagship retail product, which is the outcome of a major development programme. In the period, we achieved two key markers for this product, accreditation as a member of Microsoft's GISV programme - making K3 one of only 25 companies globally to be included in this programme - and first sales through our newly expanded partner channel.

"We have a significant opportunity to broaden sales globally for this and other K3 product, which will drive gross margin and recurring revenues.

"While cost-related challenges remain, we continue to be confident of the exciting growth prospects available to us."






At 9:44am: [LON:KBT] K3 Business Technology Group PLC share price was -1.5p at 226p



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