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FDM profit rises as revenue boosted by higher demand

By BFN News | 07:49 AM | Wednesday 11 March, 2020

IT support company FDM reported a climb in profit amid a rise in revenue thanks to a higher level of client activity and demand. For the year ended 31 December 2019, pre-tax profit rose 9% to £52.5m on-year as revenue climbed 11% o £271.5m, Mountie, the company's own contractors revenue increased by 12% to £268.2m, while freelancer contractor revenue decreased, in line with company?s plan of curtailing such revenues, by 44% to £3.3m. A final dividend of 18.5p per share was proposed, taking the total dividend to 34.5 pence, an increase of 15% on 2018. '2020 has started promisingly and in line with management expectations, with strong levels of client activity and demand. We anticipate a further year of good operational and financial progress,' the company said. Story provided by

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