Thursday, NCC Group Plc (NCC.L) reported an increase in its profit for the first half, with 27% growth in revenues. In addition, the company raised its interim dividend by 33%.
For the six-month period, profit attributable to equity holders of the parent rose to GBP 3.32 million or 9.5 pence per share from GBP 2.45 million or 7.1 pence per share in the same period a year ago.
On an adjusted basis, earnings per share grew to 11 pence per share from 9.8 pence per share in the prior year.
Pre-tax profit for the latest period climbed to GBP 4.68 million from GBP 3.7 million in the previous year. Adjusted pre-tax profit increased 13% to GBP 5.5 million from GBP 4.6 million a year earlier.
Half-yearly revenues rose to GBP 20.8 million from GBP 16.36 million in the comparable period last year.
Adjusted operating profit for the six-month period rose by 17% to GBP 5.5 million from GBP 4.7 million in the previous year.
In the latest period, revenue from the consultancy segment surged 51% to GBP 3.22 million from GBP 2.13 million in the prior year. Assurance testing division generated half-yearly revenues of GBP 7.71 million, a growth of 32%, compared to GBP 5.82 million last year.
Further, NCC Group's board increased interim dividend by 33% to 3.00 pence per share, which will be paid on 27 February to shareholders on the register at the close of business on January 30.
NCC.L closed trade on January 21 at 340 pence.
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