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DiscoverIE Group reported that profit was flat as higher costs offset a rise in revenue.
For the year ended 31 March 2020, pre-tax profit rose 1% to £19.5m on-year as revenue increased 8% to £466m.
Profit growth was 'limited by the higher value of acquisitions this year, with resulting higher non-tax deductible acquisition costs,' the company said.
In the first quarter of the year, sales were running 10% lower on an organic basis on-year. June orders and sales were tracking ahead of those in May, the company added.
At 8:39am: (LON:DSCV) Discoverie Group Plc share price was +26p at 509p