- Gamma Communications reported Monday first-half profit grew sharply amid strong performance in both its direct and indirect businesses.

For the six months to 30 June, pre-tax profits rose 28% to £216m from £12.0m a year earlier and revenue rose 18.3% to £137.6m.

The indirect business saw revenues rise to £103.1m from £89.8m, while the direct business saw revenue increase to £34.5m from £26.5m. Earnings (EBITDA) increased by 30.5% to £21.8m

The interim dividend was raised 11% to 3.1p a share. 'I am delighted to be able to say that the first half of 2018 has been Gamma's strongest ever, both in absolute terms and in terms of growth from the prior period. We have continued to deliver strong revenue and margin growth representing a very positive performance and a strong set of financial results,' said Andrew Taylor, Chief Executive Officer. 'During the next six months we are developing a plan for our longer-term vision and growth strategy, with the objective of building on Gamma's already strong foundations, and ensuring that we put in place a well-structured plan that delivers long-term sustainable growth for many years to come.'

At 9:07am: [LON:GAMA] Gamma Communications Plc share price was +50p at 904p

Story provided by