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Touchstar PLC - Manchester-based supplier of mobile data computing services - Reports revenue of £6.1 million for 2021, up 3.7% versus £5.9 million for 2020. Pretax profit more than triples to £207,000 from £23,000. Credits its performance in 2021 to a ‘healthy’ recovery from the pandemic. Says 2022 started well with strong trading in the first quarter. Expects to see continued revenue and earnings before interest, tax, depreciation growth in 2022. Warns of geo-political instability, inflationary pressures and higher interest rates that will ‘inevitability’ result in ‘hesitancy in corporate decision making.’
‘The assumption made is that this year will see some subdued levels of macro-economic growth and investment,’ company says.
Current stock price: 75.90 pence, down 5.1% on Tuesday
12-month change: up 1.2%
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