Updates

Tribal Group - International sales climb sharply

April 2013

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Good to see more share price highs followed Tribal's 2012 results, which was year one of Tribal's three-year strategic plan. Turnover on a continuing basis increased by 7% to £113.4m. Adjusted pretax up 27% to £12.8m and eps were 29% ahead at 10.9p. Net debt fell from £16m to just £9.9m at the year-end.The year was dominated by international expansion and strong growth within Tribal's software business, which supplies essential IT systems for the day-to-day running of universities and further education colleges. Divisional sales for the software business were up 23% to £55.5m - all organic - and operating profit was up 20% at £12.1m. Operating margins were 22%. Speaking to chief executive ...

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