ANS H1 numbers steady as it calls time on recession


ANS H1 numbers steady as it calls time on recession

Microscope contributor

Cisco gold partner ANS Group has reported flat profits for its half year heralding that performance as robust given the market conditions in the six months up to 30 September.

Turnover increased by 7% to £5.4m and operating profit remained almost the same as the same period a year earlier at £378,533 but the unified comms specialist was able to bolster cash reserves to £1.6m after some share buybacks.

In a statement from chairman and founder Scott Fletcher the emphasis was on a positive period ahead calling time on the recession.

“Although these tough trading conditions continue to challenge us, we believe that the worst is now behind us,” he stated.

“We believe that we are nearing the end of one of the longest downturns in history and the company is extremely well placed to take advantage of the upturn when it comes,” he added.

Part of the preparation for the upturn has been a focus on costs, recruitment to bolster its in-house expertise as well as an investment in marketing.

“Some of this investment is likely to continue,” Fletcher added talking of an increased order pipeline.

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