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TPXimpact Holdings PLC - London-based IT consulting firm - Posts revenue of £40.4 million, up 7.7% from £37.5 million the year before, and down 6.5% on a like-for-like basis. Swings to a pretax loss of £4.3 million from a profit of £883,000, as operating loss amounts to £3.9 million, compared to a profit of £1.3 million the year before. Administrative expenses amount to £14.5 million, up 37% from £10.6 million. Declares an interim dividend of 0.3 pence per share, unchanged from a year prior.
Looking ahead, TPXimpact says it continues to trade in line with targets. Expects annual revenue of around £90 million and adjusted earnings before interest, tax, depreciation and amortisation in the range of between £7.0 million and £7.5 million.
Chief Executive Officer Bjorn Conway says: ‘The market opportunity available to TPX remains significant with organisations across public and commercial sectors needing to adapt to the evolving market challenges and invest in digital transformation, as supported by our very healthy sales pipeline.’
Current stock price: 42.16 pence, up 2.8% on Wednesday in London
12-month change: down 84%
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