- Proactis has improved its H1 pretax profit to GBP0.95m, from a profit of GBP0.9m. Revenue was GBP8.7m, from GBP8.4m.

CEO Rod Jones commented:

"I am delighted with the Group's trading performance with significant increases in year on year deal numbers and order intake. Most of these deals were SaaS based contracts which deliver revenue visibility, a more predictable cash flow and enhanced customer value for the long term.

"We continue to invest ahead of the curve in several areas, especially Supplier Network, Accelerated Payment Facility and an enlarged account management effort whilst retaining good levels of profitability.

"The acquisitions of EGS Group Limited, Intesource Inc and Intelligent Capture Limited are trading at expected levels and are well integrated into the Group. We are starting to see the benefits of the enhanced solution portfolio with cross selling adding to our continued high rate of up selling. The longer term aspects of the integration, product alignment and development, are now underway.

"Post-period we completed the acquisition of Due North Limited, which brings over 300 new contracted customers and will be immediately earnings enhancing. In addition, we have a substantial opportunity to build account value through an enhanced customer experience. M&A activity remains a core element of the Group's growth strategy and there are a number of potentially attractive opportunities in the pipeline.

"The Group's commercialisation of the Supplier Network and Accelerated Payment Facility opportunities has already shown traction with Screwfix and Flintshire County Council both committing to the programmes. The scale of the opportunity has the potential to be transformational for the Group. We look forward to announcing further early adopter commitments in the coming months along with a substantial contribution to revenues anticipated for the next financial year.

"I have many reasons to be confident in the growth opportunities that the Group has available to it and I am confident that the Group will deliver against its ambitious plans."

At 9:56am: [LON:PHD] PROACTIS Holdings PLC share price was -10.5p at 128p

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