Revenues at Vantis showed double-digit growth for the six months ended October 2006, but the AIM-listed accounting warned that the marketplace is becoming 'increasingly challenging'

Turnover from continuing operations climbed 11% to £46.9m and operating profit climbed 10% to £7.7m. The group also announced a proposed dividend of 1.5p per share.

Chairman Paul Gourmand, however, said that the market was 'generally tougher than when I last reported our full year results last July'.

Gourmand said the group was 'well positioned to withstand a more challenging economic environment' and predicted a rise of fees in business recovery.

Shares in Vantis were unchanged at 144p following the announcement.

Further reading:

Read the full Vantis interims here

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