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Tribal Group swings to FY pretax loss

By BFN News | 07:36 AM | Monday 16 March, 2015


Tribal Group has swung to a FY pretax loss of £6.3m, from a year-earlier profit of £13.5m. Revenue was £123.7m, from £125.5m. Its dividend was up 13% to 1.8p a share. CEO Keith Evans commented: "Tribal has come a long way over the last three years, achieving our ambition to transform the Group into a leading provider of software and services for education management. "Customer contracts are taking longer to complete, but our pipeline of new customer contracts is good and includes a number of contracts where we are preferred supplier. "Whilst we did not meet our financial targets for 2014, the Group is well positioned to make further progress this year and over the medium term, and our expectations for 2015 are unchanged." Story provided by StockMarketWire.com

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