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Insider UK
Insider UK
Technology
Peter A Walker

Beeks reports rising revenue and profit

Beeks Financial Cloud Group has reported a 35% rise in revenues from £7.72m to £10.40m year-on-year, with gross profit also up by 47% from £2.97m to £4.35m.

The results for the six months ended 31 December 2022 also revealed underlying earnings before tax increasing by 48% from £2.43m to £3.59m during the period.

These highlights are based on underlying results, while reconciliations between underlying and statutory results show a loss before tax of £760,000 - up from £270,000 at the half-year stage.

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