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KRM22 reports growth in first half thanks to cost reduction and strength of balance sheet

KRM22 PLC (LON:KRM) chairman Keith Todd tells Proactive UK the first half of the year was impacted by the effects of coronavirus but thanks to customer engagement and cost reduction measures they're on track to deliver full-year expectations. He says the second half of the year is about further strong growth and says he's expecting to close agreements with two further tier one banks.

Quick facts: KRM22 PLC

Price: 30.5 GBX

AIM:KRM
Market: AIM
Market Cap: £8.15 m
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KRM22 focused on organic growth after year of 'significant progress'

KRM22 PLC's (LON:KRM) Keith Todd speaks to Proactive London's Andrew Scott after reporting strong growth in recurring revenues in 2019. For the year ended December 31, 2019, the software firm reported annualised recurring revenues (ARR) growth of 21% compared to 10% a year earlier, while...

on 21/5/20

2 min read