LONDON (ShareCast) - (ShareCast News) - Dods Group, the essential information and connections from unrivaled intelligence, media, events and training specialists, have reported on Thursday that their financial performance is on track for the full fiscal year.
For the six months ended 30 September 2017, Dods said that revenue increased 3.1% to £9.7m, while gross profit surged to £4.3m from £3.7m in the comparable period of the previous year.

The company also emphasised that recurring revenue as a percentage of total revenue, at the half year, was 85% while client retention was 94%.

That was as the group continued to focus on its strategic approach to sales and marketing, client services and product innovation.

Planned investment in key personnel was expected to continue in the second half of the financial year, the group added.

The company further announced that it had acquired and subscribed for 30% of the enlarged issued share capital of Social360 Limited for £1.65m in cash, granting Dods an opportunity to create a competitive advantage as well as expand its bundled services around political monitoring, business intelligence and consultative services to existing clients and new markets.

Cheryl Jones, chairman of Dods Group PLC, commented: "The Group's financial performance is on track for the full fiscal year. Moreover, the increase in margin and profit is a reflection of high client retention and efficiency levels that have been achieved in the business.

"The Group has now moved to the next stage in its development, re-invigorating its sales and marketing to attract new customers whilst also exploring new products to cross sell into its existing base. We have a clear strategy to be a leading provider of high quality information, engagement and digital services and are confident that we will be able to achieve long term growth, both organically and through acquisitions."

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