Cisco gold partner ANS Group has reported flat profits for its half yearheralding that performance as robust given the market conditions in the sixmonths up to 30 September.
Turnover increased by 7% to £5.4m and operating profitremained almost the same as the same period a year earlier at £378,533 but theunified comms specialist was able to bolster cash reserves to £1.6m after someshare buybacks.
In a statement from chairman and founder Scott Fletcher the emphasis wason a positive period ahead calling time on the recession.
“Although these tough trading conditions continue tochallenge us, we believe that the worst is now behind us,” he stated.
“We believe that we are nearing the end of one of thelongest downturns in history and the company is extremely well placed to takeadvantage of the upturn when it comes,” he added.
Part of the preparation for the upturn has been a focus oncosts, recruitment to bolster its in-house expertise as well as an investmentin marketing.
“Some of this investment is likely to continue,” Fletcheradded talking of an increased order pipeline.