SysGroup PLC - Liverpool-based IT services, cyber security and cloud hosting provider - Expects to report revenue of £11.3 million for six months that ended on September 30, up 49% from £7.6 million the year before. Adjusted earnings before interest, tax, depreciation and amortisation is expected to reach £1.7 million, up from £1.3 million. Says both are in line with expectations.

Chief Executive Officer Adam Binks says: ‘I am pleased with the progress that we have made in H1 [financial 2023]. To have delivered a revenue and adjusted Ebitda performance in line with current market expectations.’

SysGroup expects to meet market expectations for the full financial year. Half-year results for six months ended on September 30 will be published on November 21.

Current stock price: 22.74 pence, up 11% around Wednesday midday in London

12-month change: down 32%

Copyright 2022 Alliance News Limited. All Rights Reserved.