NCC Group PLC on Thursday said it traded in line with its own expectations for its first financial half as it remained confident to achieve its medium-term financial goals.
The Manchester-based cybersecurity company said it turned to a pretax loss of £2.4 million in the six months to November 30 from a profit of £10.3 million a year prior.
Revenue declined 9.9% to £159.2 million from £176.6 million. Cost of sales decreased by 6.0% to £98.8 million from £105.1 million. Administrative expenses decreased 1.8% to £44.0 million from £44.8 million.
Despite the loss, the company maintained its interim dividend at 1.50 pence per share.
Chief Executive Officer Mike Maddison said: ‘We continue to see predicted demand increasing in other areas which are central to our strategy, particularly managed services. Looking ahead, we are well placed for sustainable long-term growth as we deliver on our purpose to create a more secure digital future.’
NCC shares fell 2.4% to 127.83 pence each on late Thursday morning in London.
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