Dods revenues on the rise but earnings drop

AIM-listed specialist publisher Dods (LON:DODS) has seen its share price rise by 1.96% to 6.50p (as of 14:30 GMT) after revenues for the half year ended 30th September increased by 16.8%. However, gross margins dropped by 800 basis points and the company fell in to a pre-tax loss.

Chairman Dr. David Hammond commented: “The Group continues to deliver quality products and services in a challenging environment. The addition of Merit has enabled us to diversify and increase our recurring revenue base. Notwithstanding the current cautious outlook, the Board views the Group’s medium to long-term prospects with confidence“.