LONDON (ShareCast) - - Improved half-year profit, revenue
- Signing up progressively larger hospitals
- Confident of future growth, dividend increased

Edinburgh based software company Craneware reported an increase in profit for the six months to the end of December as it signed up more and bigger hospitals to its client list.

The group, which provides solutions to US healthcare sector, said pre-tax profit increased 7% to $4.8m during the period while revenue climbed 5% to $21.1m.

Revenues increased 5% to $21.1m while adjusted earnings before interest, tax, depreciation and amortisation rose by 6% to $5.7m.

Chief executive Keith Neilson said: "Craneware remains at the forefront of providing solutions to US healthcare providers so they can achieve the revenue integrity required to support improved patient care and outcomes. We have seen a continued increase in sales during the period, to progressively larger hospital groups.

"The US Healthcare market seems to be settling as strategies are developing to support the need for change and deal with the uncertainties of the Affordable Care Act. With a strong product suite, clear strategic direction and high levels of revenue visibility, we are confident of continued future growth."

Adjusted basic earnings per share (EPS) increased 8% to 14.3 cents per share. Cash at the end of December was $30.6m.

Craneware has proposed an interim dividend of 5.7p per share, up from 5.2p in the first half of 2013.



CJ

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE