Half-year profits top £46.6m for NCC

Manchester-based global cyber security and risk mitigation group has seen half year pre-tax profits rise 14.8% to £46.6m.

A month new chief executive Adam Palser took control, the company has reported revenue to November 30 has also risen 7% to £118.2m.

The company says it has benefited from initiatives underway in a group-wide change programme designed to improve the effectiveness and efficiency of internal business processes such as resource scheduling and working capital management.

During the period the company spent £3.7m moving to its new headquarters at the XYZ building in Spinningfields.

NCC sais in the second half of the year, the combination of further gross margin gains and continuing organic revenue growth will offset remaining committed cost increases to deliver full-year adjusted operating profit in line with the board’s current expectations.

Chairman Chris Stone said: “Strong organic revenue growth in our core assurance businesses continues to drive positive momentum in the business.