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Cloud computing company Beeks Financial Cloud said first-half profit rose 46% as revenue increased by nearly fifth amid growing demand cloud services by financial institutions.
For the six months ended 31 December 2019, underlying pre-tax profit rose 46% to £0.60m on-year and revenue increased by 23% to £4.29m.
The jump in profit was driven by a 'combination of the growing demand for cloud environments by financial institutions,' the company said.
The proposed interim dividend of 0.20p was unchanged on last year.
The company said current trading was positive and within the range of market expectations.
At 8:06am: (LON:BKS) Beeks Financial Cloud Group Plc share price was +1p at 100.5p