Panoply swings to modest profit as sales rise 33%

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Technology services company Panoply swung to a small first-half profit after it boosted sales by a third.

Pre-tax profit for the six months through September amounted to £81k, compared to a loss of £722k on-year.

Revenue rose 33% to £13.4m and adjusted Ebitda was flat £0.9m, which the company said reflected investments in its capabilities.

'Our investments into businesses that focus on conversational interfaces and robotic process automation have hit the ground running and are already generating revenues for the group,' chief executive Neal Gandhi said.

At 8:31am: (LON:TPX) share price was 0p at 75p