K3 undimmed by failure of key customer

SALFORD-based K3, which provides software and managed services to the retail, manufacturing and distribution sectors, has enjoyed increases in revenue and profits despite one of its key customer My Local going into administration.

In the year to June 30 turnover increased 7% to £89.18m (2015: £83.43m) and pre-tax profits were up 22% to £8.8m (2015: £7.22m).

Earnings per share rose 21% to 23.5p from 19.4p and a dividend achieved of 1.75p, up 17% on 2015’s of 1.5p.

Net debt was down 26% to Â... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...