Cerillion Plc (CER.L), a provider of billing, charging, and CRM solutions, on Monday announced that pre-tax profit declined in the first half compared with the previous year with weak revenues. Orders also were lower than last year.
Looking ahead, the company expects to deliver market expectations for the full year targets, supported by strong back-order book and new business pipeline.
Cerillion is currently trading 8.94% lesser at 1671 pence on the London Stock Exchange.
For the first half of the year, profit before tax slips to 9.27 million pounds from 10.44 million pounds in the previous year.
Profit after tax for the period fell to 7.04 million pounds from 8.06 million pounds last year.
Earnings per share were 23.8 pence versus 27.2 pence last year.
Adjusted profit before tax was 9.30 million pounds, compared to 10.52 million pounds in the prior year.
Adjusted profit slides to 7.07 million from 8.14 million in the prior year. Adjusted basic earnings per share were 23.9 pence versus 27.6 pence last year.
Operating profit fell to 8.72 million pounds from 9.86 million pounds in the previous year.
Adjusted EBITDA also decreased to 9.98 million pounds from 11.02 million pounds in the same period last year.
Revenue for the first half declined to 20.92 million pounds from 22.52 million pounds last year.
New orders were 3% lower at 19.6 million pounds.
Further, the board declared a 20% year-on-year increase in the interim dividend of 4.8 pence per share compared with the previous dividend last year in the same period of 4.0 pence per share.
The dividend will be payable on June 20 to shareholders on record as of May 30. The ex-dividend date is May 29.
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