Vantis warns of ‘challenging marketplace’

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:

the full Vantis interims here

the Vantis share price here

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