TIKIT (AIM:TIK) Encouraging results and cash still flowing
Tikit Group plc, the leading provider of consultancy, services and software solutions to major UK, European and US law firms and accountancy practices, reported preliminary results for the year ended 31 December 2009.
Overall revenues were down 11.52% to £25.2m but recurring support and outsourcing services revenues grew 10.2%.
With a focus on cost cutting, the recurring cost base was cut by £1 million per annum resulting in a strong second half improvement in operating profit margin
A sign of confidence was the full year dividend remaining unchanged at 6pence per share.
Operating profit before amortisation of acquired intangibles and share-based charges was down 26.5% to £3.0…
Previous article Next article
