Source - Alliance News

Bytes Technology Group PLC - Surrey, England-based computer software - Continues to trade ‘well’ despite intense competition in the four months ended June 30, the first four months of its financial year. Says growth in both gross invoiced income and adjusted operating profit are ‘comfortably’ in double-digit percentages. In a trading update ahead of the annual general meeting on Thursday, Chief Executive Officer Sam Mudd says the overall performance for the four-month period is again driven by strong and stable demand from both corporate and public sectors for our market-leading, supported and secure IT systems. ‘We remain confident that our continued strong vendor partnerships and first-rate client service position us well to achieve our strategic goals for the year,’ Mudd says.

Current stock price in London: 501.87 pence, down 4.2% on Thursday morning

12-month change: down 0.8%

Current stock price in Johannesburg: R 116.66, down 4.8%

12-month change: down 3.6%

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