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Altitude Group PLC - Sheffield-based promotional products firm - Posts revenue of £7.7 million for the six months ended September 30, up 29% from £5.9 million the year before. Says Services revenue grows by 37% reflecting the strong performance over its AIM network. Pretax loss narrows to £133,000 from £414,000, as gross profit increases by 40% to £3.9 million from £2.8 million. Says it benefits from an advantageous exchange rate and has not experienced any negative impact to date from the current macro-economic turbulence.
Chief Executive Officer Nicole Stella says: ‘In the first six-months of the current financial year, the group experienced a robust performance across key Services and Merchanting programmes showing significant growth on the same period last year.’
Looking ahead, says it is confident in the long-term success of the business and its positive outlook for the future.
Current stock price: 35.29 pence, up 3.0% on Tuesday in London
12-momth change: up 26%
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