- Arcontech's turnover increased by 9% to GBP1,132,246 in the six months to the end of December while operating profit rose by 78% to GBP205,889.

The annual run-rate of recurring revenues at 31 December amounted to GBP1.9 million (2014: GBP2.1 million) and cover 105% of the cost base (2014: 112%).

Chairman Richard Last said: "The Board is pleased to report continued progress by the Group in delivering increasing levels of turnover and profitability. Results for the current year ending 30 June 2016 remain on target taking into account the reduced revenue from one of our clients in Asia. Costs continue to be managed closely. With net cash balances as at 22 February 2016 of GBP1.8m and a good sales pipeline, we are increasingly positive about the Group's prospects."

At 9:27am: [LON:ARC] Arcontech Group PLC share price was +0.02p at 0.28p

Story provided by