Non-Exec at StatPro bumps up stake

20th Aug 2012 16:00

Mark Adorian, a Non-Executive Director of StatPro, has purchased 100,000 ordinary shares in the data solutions provider at 95p each.The £95,000 transaction takes Adorian's total holding to just over 2.6m shares, equal to 4.31% of the issued share capital.At the start of this month StatPro revealed its profit before tax had declined by a fifth in the six months to the end of June following an exceptional charge as part of its restructuring during the period. Revenues grew 3.0% during the period, from £15.61m to £16.08m, while adjusted earnings before interest, tax, depreciation and amortisation leapt 24% from £2.89m to £3.58m Reported profit before tax dropped 20% from £1.79m to £1.44m, while adjusted pre-tax profit climbed 29% from £2.07m to £2.68m, pushed higher by a strong uptake of StatPro Revolution, achieving sales in all regions of the world. The share price has risen nearly 13% over the past year (an increase of 11p) to 97.5p.Top Director BuysStatPro Group (SOG) Director name: Mr Mark C AdorianAmount purchased: 100,000 @ 95.00p Value: £95,000Centamin (DI) (CEY) Director name: Mr Mark BankesAmount purchased: 30,000 @ 73.50p Value: £22,050NR