Newspaper article Manchester Evening News

13% Dip in Profits for Cyber Security Expert

Newspaper article Manchester Evening News

13% Dip in Profits for Cyber Security Expert

Article excerpt

GLOBAL cyber security and risk mitigation expert NCC Group has reported a dip in profits for the first half of the year.

The Manchesterheadquartered group saw adjusted operating profit for the six months through November fall 13 per cent to £14m, compared to the previous period.

It blamed 'planned overhead increases' committed in the previous year and £1.3 foreign exchange charges.

However, revenue rose 7.2 per cent to £118.2m allowing the group to keep its interim dividend steady at 1.5p per share.

Chris Stone, chairman, said: "Strong organic revenue growth in our core assurance businesses continues to drive positive momentum in the business. The combination with gross margin gains flowing from improved realisation has delivered a significant recovery from the low point of the second half of the prior year. …

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