Triad Group Plc (TRD.L), an IT service manager, on Thursday reported a turnaround to profit for the first-half, helped by an increase in revenue, amidst series of new contract wins.
For the six-month period to September 30, the company recorded a pre-tax income of 0.75 million pounds, compared with loss of 0.99 million pounds, recorded for the same period last year.
Net profit stood at 0.78 million pounds or 4.54 pence per share as against the prior year's loss of 1 million pounds or 6.03 pence per share.
Profit from operations was 0.742 million pounds, versus 0.981 million pounds in 2023.
Revenue for the first half was 10.21 million pounds, up from last year's 6.39 million pounds.
The company will pay an interim dividend of 2 pence per share on December 20 to shareholders on the register as of November 22.
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