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Oxford Metrics PLC - Oxford-based software provider - Posts revenue of £21.3 million for the six months ended on March 31, up 70% from £12.6 million the year before. Says revenue has benefitted from the delivery of £3.5 million of orders largely in the Entertainment segment. Pretax profit jumps to £3.9 million from £600,000, as basic earnings per share surge to 2.49 pence from 0.65p the year before. Order book amounts to £22.0 million on March 31, up 68% from £13.1 million on the same date a year earlier. Looking ahead, says overall cost base in the second half is expected to rise, as costs continue to normalise following the pandemic. But it says it is well-placed to deliver full year results ahead of current market expectations considering the current orderbook.
Chief Executive Officer Nick Bolton says: ‘I am delighted to announce that Oxford Metrics is reporting its strongest ever half year trading performance, driven by the buoyant demand in all our market segments and supported by a healthy order book of £22.0 million as we move into the second half.’
Current stock price: 108.80 pence each, up 12% on Tuesday morning in London
12-month change: down 3.3%
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