Acquisitive PTSG triples pre-tax profits

Profits have increased by 57% at Premier Technical Services Group, as it looks to acquire to expand the business.

For the six months to 30 June 2016, PTSG reported revenues of £18.5m up from £11.7m in the comparable period last year.

Pre-tax profits reached £2.1m, up from £695,546 in the first half of 2015.

The company, which became listed in February 2015, said that the Brexit decision had shown no adverse effects in the business and that it will “face the future with confidence”.

It said that acquisitions had been part of its culture since its inception in 2007 and that it would continue on its acquisitive trail.

See the article in full at TheBusinessDesk.com

Important information

This information is of a general nature and does not constitute an offer to provide services.

The opinions and conclusions given here are those of Seneca Partners and are subject to change without notice.

The value of investments and/or any income arising from them may fluctuate.

Past performance is not necessarily a guide to future performance.

Important notice

The products and services shown on this website place capital at risk. Investors may receive less in returns than they have invested. Investments may not allow for capital to be withdrawn on demand. If an investment provides tax relief then this relief is subject to change and is dependant on personal circumstances. Any reference to past performance or forecasted performance is not a reliable indicator of future performance.

Seneca Partners recommends that any investor seeks specialised financial and/or tax advice before investing. Seneca Partners does not provide advice and the information on this website, including but not limited to news, should not be construed as such.

Please confirm that you understand this warning and wish to proceed.