StockMarketWire.com - Dods said Wednesday first-half profit more than halved, weighed down by restructuring costs.

For the six months to 30 September, profit before tax fell to £0.4m from £10.7m a year earlier, while revenue rose 7% to £10.7m.

The weaker results were exacerbated by non-recurring costs of £0.5m during the period, up from £0.1m a year earlier, the bulk of which related to costs incurred for departing executives.

Gross margins fell to 42% from 43%.

The company said it was nearing competition of its turnaround programme after securing a number of contracts with KPMG, EY, Teva, Roche and HSE and extending a contract with NHS England to provide the NHS Health & Care Innovation Expo in September 2019. At 8:42am: [LON:DODS] Dods Group PLC share price was -0.05p at 10.25p



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