Source - Alliance News

Oxford Metrics PLC - Oxford-based software provider - Reports halving profit in the half-year ended March 31 as order book grows. Interim pretax profit falls to £604,000 from £1.3 million a year ago. Revenue grows to £12.5 million from £11.2 million. Sales costs widen to £3.1 million from £2.6 million as administrative expenses increase to £3.0 million from £2.5 million.

Order book surges to £12.9 million from £700,000 a year ago. Regarding the future, citing growing market demand, Oxford Metrics says it ‘will deliver a performance for the full year in line with achieving market expectations.’

Current stock price: 105.55 pence

12-month change: down 0.4%

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