Kainos Group plc, a software company, Monday reported profit before tax from continuing operations of 34.20 million pounds for the first half, higher than 30.86 million pounds in the same period a year ago, mainly helped by impairment gain of 738,000 pounds as well as lower cost and expenses.
In the previous year, there was an impairment loss of 718,000, and a gain on investments of 1.04 million pounds.
Kainos also announced its plan to launch a share buyback programme of 30 million pounds to be executed over the next six months.
Excluding one-time items, adjusted pre-tax profit rose to 38.15 million pounds from 37.85 million pounds.
Profit after tax increased to 25.43 million pounds or 20.1p per share from 22.13 million pounds or 17.5p per share last year.
Adjusted profit after tax rose to 28.49 million pounds or 22.5p per share from 27.86 million pounds or 22.1p per share last year.
Operating profit was 30.86 million pounds, up from 29.17 million pounds a year ago.
Revenue for the quarter, however, declined 5 percent to 183.11 million pounds from 193.25 million pounds in the previous year.
The Board has declared an interim dividend of 9.3 pence per share for the first half, up from 8.2 pence last year, to be paid on December 13 to shareholders of record on November 22.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.