Vantis warns of 'challenging marketplace'
Vantis interim turnover climbs but marketplace is 'increasingly' challenging
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.