Company financials: Terence Chapman bounces back

Company financials: Terence Chapman bounces back

The Terence Chapman Group has reported lower pre-tax profits for the year ended 31 August, down to £4.1 million from £4.5 million, against marginally improved turnover of £30.9 million versus £30.6 million.

The UK-based provider of IT services and software solutions to the finance sector reported a strong second-half, with turnover up 26%, revenues at £11.5m (1999: £8.9m) and operating profits of £3.0m (1999: £1.3m).

The company reported four important new client wins and a solid performance from TCA Synergo, which provides equity trading software.

Commenting on the results and the Group's outlook, Sir Colin Southgate, chairman, says: "TCA Consulting is well placed in a buoyant market and has begun the year strongly following record trading in the second half of the completed financial year. Growth in profits is expected to follow strong revenue growth. TCA Synergo has also started the year strongly and we anticipate a satisfactory year ahead."

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