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16 February 2021 | 09:30am
StockMarketWire.com - Professional services company K3 Capital reported a fall in first-half profit as acquisition costs offset a jump in revenue.
For the six months ended 30 November 2020, pre-tax profit fell to £3.0 million from £3.3 million, while revenue jumped to £17.8 million from £8.0 million.
The company acquired RandD and Quantuma Advisory on 31 July.
The dividend was cut to 3.0p a share from 3.7p.
Looking ahead, the company said it remains confident that the outlook for the remainder of the financial year, and beyond, was positive and reported a strong start to H2 FY21.
At 9:30am: (LON:K3C) K3 Capital Group Plc share price was 0p at 168p
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15 December 2020 | 08:28am
StockMarketWire.com - Professional services group K3 Capital said first-half performance was forecast to be ahead of its expectations, led by strong outturn across its KBS and rannd segments.
For the six-month period ended 30 November 2020, the company expected to report revenue of about £18 million. All business divisions have performed well, with particularly strong performance across KBS and rannd, the company said. The group enters its second half of the financial year with significant momentum and is excited by the strategic opportunity presented by the roll out of its data and marketing strategy across its recent acquisitions, it added.