Trustpilot Group plc (TRTPF,TRST.L), a consumer business operating, on Tuesday announced that profit before tax increased in the first half compared with the previous year.
For the first half of the year, profit before tax increased 45 percent to $3.69 million from $2.55 million in the previous year.
Profit for the period decreased to $2.52 million from $7.68 million in the prior year.
Earnings per share were $0.6 versus $1.7 last year.
Adjusted earnings per share were $2.2 versus $2.5 last year.
Adjusted EBITDA jumped 70 percent to $17.98 million from $10.57 million in the prior year.
Operating profit also surged to $5.82 million from $1.84 million last year.
Revenue increased 23 percent to $122.85 million from $99.80 million in the previous year.
Further, the company reaffirmed its full-year guidance for high-teens constant-currency revenue growth following a strong first half and trading in line with expectations.
The company expects the adjusted EBITDA margin to remain in line with first-half year levels, ahead of earlier expectations.
The company said it remains confident of delivering sustainable mid-teens growth and long-term operating leverage, supported by significant market opportunities. On Monday, Trustpilot closed trading 0.65% higher at $200.60 on the London Stock Exchange.
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