IT services provider SciSys says that the first half of 2012 has finished more strongly than expected.
Earlier deliveries, improved efficiencies and deferred costs have helped the first half outcome. The order book remains solid and management believes that SciSys will meet full year expectations. Broker finnCap forecasts a rise in underlying profit from £2.2m to £2.4m.
At 53.5p a share, up 2p, SciSys is valued at £15.5m. The shares are trading on eight times 2012 prospective earnings.
The interim figures will be published on 26 September.
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