IT provider Kainos Group plc (KNOS.L) Monday reported lower profit in its first half, despite higher revenues. Further, the company reported higher bookings.
Looking ahead, the company maintained a prudent outlook for profitability and expects adjusted profit before tax to be in line with current consensus forecasts.
Looking further ahead, Kainos Group said it remains confident in its strategy to capture and deliver on opportunities.
In the first half, profit before tax dropped 17 percent to 28.4 million pounds from 34.2 million pounds last year. Earnings per share declined to 16.7 pence from 20.1 pence a year earlier.
Adjusted pre-tax profit was 32.0 million pounds, compared to 38.2 million pounds in the prior year. Adjusted earnings per share were 18.9 pence, compared to 22.5 pence a year earlier.
Revenue grew 7% to 196.1 million pounds from 183.1 million pounds last year.
The company's bookings climbed 27 percent to 227.9 million pounds from prior year's 179.5 million pounds.
Further, the Board has declared an interim dividend of 9.8 pence per share for H1 26, 5 percent higher than last year. The dividend will be paid on December 12 to shareholders on the register at the close of business on November 21.
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