NCC Group profits rise
NCC Group plc, the information security assurance group, has reported final results for the year ended May 31, 2009.
Group revenue grew by 31% to £46.8m. Group adjusted pre-tax profits were up by 17% to £12.3m and EPS increased 17% to 26.1p.
The total dividend was 9.25p, a 32% hike on last year.
Net debt was £5.6m at the year-end but the company expects to be debt free by August 2010.
Group Escrow maintained strong organic revenue growth of 13%.
Assurance Testing is now firmly established as the UK's largest independent information security business.
Two acquisitions were completed and integrated in the period.
Rob Cotton, chief executive, said: 'We have delivered our strongest performance to date against a backdrop of worldwide downturn. We have started this year in a very strong position which has given us considerable confidence in our ability to deliver further growth.'
Group revenue grew by 31% to £46.8m. Group adjusted pre-tax profits were up by 17% to £12.3m and EPS increased 17% to 26.1p.
The total dividend was 9.25p, a 32% hike on last year.
Net debt was £5.6m at the year-end but the company expects to be debt free by August 2010.
Group Escrow maintained strong organic revenue growth of 13%.
Assurance Testing is now firmly established as the UK's largest independent information security business.
Two acquisitions were completed and integrated in the period.
Rob Cotton, chief executive, said: 'We have delivered our strongest performance to date against a backdrop of worldwide downturn. We have started this year in a very strong position which has given us considerable confidence in our ability to deliver further growth.'
Story provided by Business Financial Newswire
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