Tikit works hard to beat tough market condition

Accountancy IT provider Tikit has bucked the trend of falling sales and bettered its figures from 2007 in the second half of last year.

The company said that trading ‘has been satisfactory’ and full year results ‘will be ahead of the prior year and broadly in line with market expectations’.

It finished the year with a positive cash balance despite a £6m cash outflow for acquisitions.

Tikit said that it expected the tough market conditions to continue in 2009 but believes it can continue to grow profits and share earnings.

Further reading:

Tikit’s trading report