Bytes Technology Group (BYIT)

Sector:

IT Services

Index:

FTSE 250

440.60p
   
  • Change Today:
      1.00p
  • 52 Week High: 578.50p
  • 52 Week Low: 399.00p
  • Currency: UK Pounds
  • Shares Issued: 239.48m
  • Volume: 57,346
  • Market Cap: £1,055.16m

Bytes upbeat on outlook after strong first half

By Sean Farrell

Date: Thursday 28 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Bytes Technology said it was trading well as the software and security group reported a 19% increase in first-half profit.
Operating profit for the six months to the end of August rose to £23.2m from £19.5m a year earlier as revenue increased 13.7% to £251.4m.

Adjusted operating profit rose 22% to £25m. Bytes said it would pay an interim dividend of 2p a share.

Bytes said performance was driven by rising corporate demand and continued growth from public sector customers. Momentum has carried on into the second half of the year and the company said it was "well positioned for the remainder of the financial year".

Neil Murphy, Byte's chief executive, said: "I am delighted to report this strong set of results, which saw the group deliver against its strategic goals, producing growth across all areas of the business. We have maintained our track record of year-on-year growth despite the ongoing uncertainty caused by the pandemic."

Bytes shares rose 4.8% to 513.39p at 10:01 BST.

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BYIT Market Data

Currency UK Pounds
Share Price 440.60p
Change Today 1.00p
% Change 0.23 %
52 Week High 578.50p
52 Week Low 399.00p
Volume 57,346
Shares Issued 239.48m
Market Cap £1,055.16m

BYIT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.51% below the market average87.51% below the market average87.51% below the market average87.51% below the market average87.51% below the market average
80.85% below the sector average80.85% below the sector average80.85% below the sector average80.85% below the sector average80.85% below the sector average
Price Trend
19.18% below the market average19.18% below the market average19.18% below the market average19.18% below the market average19.18% below the market average
11.93% above the sector average11.93% above the sector average11.93% above the sector average11.93% above the sector average11.93% above the sector average
Income
11.37% below the market average11.37% below the market average11.37% below the market average11.37% below the market average11.37% below the market average
15.15% below the sector average15.15% below the sector average15.15% below the sector average15.15% below the sector average15.15% below the sector average
Growth
19.32% above the market average19.32% above the market average19.32% above the market average19.32% above the market average19.32% above the market average
38.61% above the sector average38.61% above the sector average38.61% above the sector average38.61% above the sector average38.61% above the sector average

BYIT Dividends

  Latest Previous
  Final Special
Ex-Div 28-Jul-22 28-Jul-22
Paid 12-Aug-22 12-Aug-22
Amount 4.20p 6.20p

Trades for 27-Jun-2022

Time Volume / Share Price
12:49 218 @ 440.60p
12:49 21 @ 440.40p
12:48 154 @ 440.40p
12:48 94 @ 440.40p
12:48 81 @ 440.40p

BYIT Key Personnel

Chair Patrick De Smedt
CEO Neil Murphy
CFO Andrew Holden

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