React posts rise in underlying profit as revenue jumps 77%

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Specialist cleaning company React posted a modest annual profit after demand during the pandemic helped boost revenue.

Net profit for the year through September amounted to £0.39 million, up from £0.19 million year-on-year, and included a £0.26 million corporate tax credit.

Operating profit fell to £0.11 million, down from £0.21 million, owing to higher administrative expenses that included acquisition and restructuring costs.

Adjusted pre-tax profit rose 47% to £0.28 million, as revenue climbed 77% to £7.7 million.

React said its outlook was 'positive' following a number of contract wins, some of which were material, providing long-term contracted revenue.