Market Tech Holdings revenue surges driven by digital growth

The AIM-listed company posted its interim results to 30 September on Thursday.

It showed revenue was up substantially at £62.2m compared to £9.3m in the same period last year.

The company’s growth was attributed to its digital division, with revenue for the six months of £48.4m driven by the integration of its more recent e-commerce acquisitions.

As a result, profit before tax rose from £3.6m to £10.1m

Chief executive Charles Butler said the company has delivered a strong performance and continues to make progress in the implementation of its growth strategy.

“The value of our property and online assets continues to grow and we have created an effective capital structure for investment as we deliver our vision for Camden.

Butler said the company is looking to the second half of the year with confidence and optimism as it prepares for a move to the main market of the London Stock Exchange.

Shares in the company were up 6p (2.9%) at 1129GMT to 213p per share.