Adsure Services PLC - holding company for business assurance services provider TIAA Ltd - Swings to pretax profit of £334,078 in the six months to September 30 from £32,562 loss a year prior. Revenue increases 19% to £5.1 million from £4.3 million. Says the second half has started ‘positively, and we are seeing strong momentum across our Risk & Assurance and Risk & Advisory divisions.’ Maintains a positive outlook for trading in the second half supported by a ‘robust contract base with clear revenue projections and enhanced productivity’. Looking ahead, says the board is already starting to consider the opportunities available following the recent commitment from the UK government in strengthening public services. Says dividend payment of 0.786 pence per share to be paid in January 2025.
Current share price: 20.55 pence
12-month change: down 46%
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