StockMarketWire.com - Management consultancy Mind Gym booked a rise in first-half profit, though its underlying performance was hurt by higher operating costs.

Pre-tax profit for the six months through September increased to £3.9m, up from £1.1m on-year.

Revenue climbed 24% to £23.9m, though adjusted profit fell 3.6% to £4.0m.

The company's gross margin slipped 2.8 percentage points to 78.8%, which it said reflected rising revenue leading to higher coaching costs.

Mind Gym declared an interim dividend of 0.90p per share, up 13% on-year.

'Company bosses are increasingly turning to corporate culture as a strategic tool to drive performance,' chief executive Octavius Black said.

'Our strong revenue growth in the first half shows that leading businesses are choosing our proven behavioural science-based solutions over traditional alternatives.'

'We continue to make significant investments in infrastructure, our digital proposition, talent and senior leadership in our pursuit of long term, sustainable growth.'

At 9:57am: [LON:MIND] Mind Gym Plc share price was +2p at 162.5p



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