(Reuters) – British software firm Patsystems Plc (PTS.L) posted a 37 percent rise in first-half adjusted pretax profit, helped by sales growth in Europe and Asia, and said it was confident of achieving its targets for 2010.
The AIM-listed company, which provides software for electronic trading and exchange systems, also raised its interim dividend by 38 percent to 0.2 pence.
“Our continued growth in emerging markets, a strong sales pipeline and this year’s deployment of our new global ASP (application provider service), XConnect, will support sustained growth in 2011 and beyond,” Chairman Richard Last said in a statement.
For the six months ended June 30, pretax profit before items rose to 1 million pounds from 752,000 pounds last year. Revenue grew 6 percent to 10 million pounds.
Patsystems shares closed at 24.25 pence on Monday on the London Stock Exchange. (Reporting by Tresa Sherin Morera in Bangalore; Editing by Vinu Pilakkott)