Arcontech Group (ARC)

Sector:

IT Services

Index:

FTSE AIM All-Share

107.00p
   
  • Change Today:
    -1.50p
  • 52 Week High: 112.00
  • 52 Week Low: 63.50
  • Currency: UK Pounds
  • Shares Issued: 13.37m
  • Volume: 3,857
  • Market Cap: £14.31m
  • RiskGrade: 145

Profits fall as revenues rise at Arcontech

By Josh White

Date: Tuesday 23 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Financial market data provider Arcontech reported a 4.7% improvement in turnover in its interim results on Tuesday, to £1.54m.

The AIM-traded firm said its profit before tax was down 8% year-on-year for the six months ended 31 December, however, at £0.51m, which it put down to the full cost of its investment in the sales team.

Annual run-rate of recurring revenues at period end were ahead 4% at £2.98m.

The company reported net cash of £5m as at 31 December, making for an increase of £0.6m over the prior year.

Arcontech's board said at this stage, it was expecting profit before tax for the year ending 30 June to be in line with market expectations.

"The board is pleased with Arcontech's progress in the first half of the year," said chairman Geoff Wicks.

"While the effects of the Covid-19 pandemic have continued to overshadow the market we have grown revenue with the addition of an important new customer and a significant upgrade to an existing tier one customer."

Wicks said that at the same time, the company maintained good profit levels after investing in future growth.

"We believe we are in a good position to accelerate growth once market conditions improve."

At 1300 GMT, shares in Arcontech were down 12.53% at 164p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Arcontech Group Market Data

Currency UK Pounds
Share Price 107.00p
Change Today -1.50p
% Change -1.38 %
52 Week High 112.00
52 Week Low 63.50
Volume 3,857
Shares Issued 13.37m
Market Cap £14.31m
RiskGrade 145

Arcontech Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.17% below the market average78.17% below the market average78.17% below the market average78.17% below the market average78.17% below the market average
45.88% above the sector average45.88% above the sector average45.88% above the sector average45.88% above the sector average45.88% above the sector average
Price Trend
77.26% above the market average77.26% above the market average77.26% above the market average77.26% above the market average77.26% above the market average
65.96% above the sector average65.96% above the sector average65.96% above the sector average65.96% above the sector average65.96% above the sector average
Income
6.68% below the market average6.68% below the market average6.68% below the market average6.68% below the market average6.68% below the market average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average
Growth
65.84% below the market average65.84% below the market average65.84% below the market average65.84% below the market average65.84% below the market average
90.91% below the sector average90.91% below the sector average90.91% below the sector average90.91% below the sector average90.91% below the sector average

Arcontech Group Dividends

  Latest Previous
  Final Final
Ex-Div 05-Oct-23 29-Sep-22
Paid 03-Nov-23 24-Oct-22
Amount 3.50p 3.25p

Trades for 28-Mar-2024

Time Volume / Share Price
15:53 914 @ 108.70p
15:22 822 @ 108.70p
14:54 240 @ 107.55p
10:10 1,881 @ 108.70p

Arcontech Group Key Personnel

CEO Matthew Jeffs

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