The Innovation Group plc (TIG.L), a provider of business process services and software solutions to the insurance, fleet, automotive and property industries, Wednesday announced its interim results for the six months ended March 31. For the first half of the year, the company reported pre-tax profit of 6.8 million pounds, higher than 4 million pounds during the same period last year.
Excluding special items, adjusted profit before tax for the six-month period increased to 9.6 million pounds from 7.3 million last year. Adjusted earnings per share were 0.60 pence compared with 0.37 pence during the first half of the previous year.
After tax, the profit was 4.7 million pounds, compared with 1.8 million pounds last year.
Revenues for the period were 99.8 million pounds compared with 94.8 million pounds reported during the comparable period last year.
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