Altitude Group have released there half year figures and show a 12% rise in revenues from continuing operations.  They are also confident of meeting full-year forecasts. Revenues increase to ?2.46m while gross profits rose 21.5% to ?1.69m.  Adjusted operating profit from continuing operations increased by 26% to ?0.36m.

CEO Martin Varley was quoted on StockMarketWire.com as saying: “2011 has so far been a crucial year for the group, with the disposal of the promotional products division transforming Altitude into a purely information and technology services focused company. We continue to move further into the North American market, which offers great potential for the company. “Our trade exhibition, the Trade Only National Show, continues to grow at an impressive rate and the 2011 show in January saw an increase in attendance of 20% on 2010.” “These latest figures show the company to be moving in the right direction and we are very excited about taking Altitude Group plc to the next level.”

Published on: September 29th, 2011