- IT services provider Triad Group booked a 9.2% rise in annual profit as it focused on higher-margin customers.

Pre-tax profit increased to £1.66m, even as revenue fell 10% to £27.8m.

The company declared a final dividend of 1p per share, up from 0.5p on-year.

'The new financial year has started well with a significant new contract to provide consultants to Ofgem as part of the rewrite of the system supporting the Energy Company Obligation programme, the company said.

'New starters are joining existing engagements and providing additional capacity to win further work.'

'Contractor numbers have reduced on a long-standing account where one programme has scaled down significantly for the next two quarters but the sales pipeline includes opportunities to address this.'

At 9:48am: [LON:TRD] Triad Group PLC share price was +3p at 71.5p

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