By Najat Kantouar
Intercede Group has reported increased revenue growth for the first half of the year as a result of tight cost control.
The cybersecurity company said Tuesday that for the year to Sept. 30 revenue grew to 7.0 million pounds ($8.6 million) compared with GBP6.1 million for the same period a year earlier, in line with management expectations and driven by positive operating cash flow and continued control of working capital.
Cash reserves rose to GBP9.7 million compared to GBP8.3 million with no debt.
Shares at 0705 GMT were up 2.5 pence, or 5.7%, at 46.5 pence.
Write to Najat Kantouar at [email protected]
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