Craneware profit rises in H1 on strong sales momentum

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Value cycle software solutions company Craneware reported a rise in annual profit as sales grew strongly.

For the six months ended 31 December 2020, pre-tax profit increased 3% to $9.9 million year-on-year as revenue increased 6% to $38 million.

'The first half's positive sales performance has continued with ongoing pipeline growth, a growing Trisus customer base, expanding offering and clear market need,' the company said.

The interim dividend was increased 4% to 12p per share.

Looking ahead, the company said its expectations for the full year ending 30 June 2021 remained unchanged.

At 9:16am: (LON:CRW) Craneware PLC share price was 0p at 1870p