Bytes Technology Group PLC - Surrey, England-based computer software - Expects to deliver a ‘strong’ performance in the first half that ended August 31. Says gross invoiced income and adjusted operating profit growth was ‘comfortably’ in the double digits at 14%, respectively, for the first six months. Gross profit growth was 9%.
Net cash position as at August 31 was £71.5 million, after paying £35.3 million in final and special dividends. Cash conversion reflects normal weighting to the second half, with strong cash conversion expected for the full year, it says. Bytes expects to release its half-year financial results on October 15.
Stock price in London: 496.80 pence
12-month change: up 5.0%
Stock price in Johannesburg: R 114.41
12-month change: up 4.2%
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