FY turnover and profits grow at Arcontech

22nd Jul 2024 09:35

(Sharecast News) - Software firm Arcontech said on Monday that full-year pre-tax profits and turnover were both anticipated to come in ahead of current market expectations.

Arcontech said turnover was seen as roughly 4% higher year-on-year as a result of the increased use of its products by certain customers.

The AIM-listed group also said pre-tax profits would be approximately 20% stronger due to the heightened usage and certain planned staff costs only being incurred at the end of the fiscal year.

Arcontech added that expectations for FY25 remain unchanged.

As of 0930 BST, Arcontech shares were up 5.08% at 93.00p.

Reporting by Iain Gilbert at Sharecast.com