StockMarketWire.com - Mortice, a facilities and security management company, said Thursday first-half profits were hurt by adverse currency movements and weak growth in its UK business.

For the six months ended 30 September, pre-tax profit fell to £1.56m from £2.21m a year earlier, and revenue increased 9.8% to $116.7m.

Adjusted profit before taxation, which excludes the impact of currency movements and loss from financial liability, grew by 4.47% to $2.3m.

A loss of $0.70m for currency translation was recorded in first half of the year, above the $0.04m loss seen a year earlier.

Revenue growth was weighed down somewhat by a 5.54% decline to $2.2m from Tenon FM UK.

At 9:06am: [LON:MORT] Mortice Ltd share price was +0.5p at 15p



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