accesso Technology Group plc (ACSO), a London-based technology firm, on Tuesday reported a surge in profit before tax in the first half despite a 1.9 percent dip in total revenue.
Pre-tax profit improved to $1.87 million from $0.30 million a year ago. Profit for the period rose to $1.37 million from $0.22 million a year ago.
Earnings per share rose to 3.32 cents from 0.51 cents a year ago.Adjusted earnings per share increased to 10.05 cents from 8.65 cents in the prior year.
Cash EBITDA declined 21.9% to $5.07 million from $6.48 million a year ago.
Total revenue shrank by 1.9% to $67.90 million from $69.19 million a year ago, mainly hurt by the 21.2 % shrinkage of guest experience revenue.
In addition, the company affirmed full-year revenue to be towards the lower end of the guidance range, and approximately 15% of Cash EBITDA.
In the London Stock Exchange, the shares were trading 1.15% lower at 428 pence.
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