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Checkit revenue rises in H1 despite delay in sales on virus impact

By BFN News | 09:55 AM | Wednesday 12 August, 2020

Workflow management software company Checkit said first-half revenue doubled despite a delay in sales owing to the pandemic. For in the six months ended 31 July 2020, revenue rose 102.2% to £6.4m on-year even as the company said the impact of the Covid pandemic had 'undoubtedly delayed sales progress.' Revenue on a normalised basis was up 2.3% compared to the previous year. Recurring revenues had been resilient through the first half of the current financial year, whilst the non-recurring installation and project based revenues had seen a significant fall of approximately 30% in the second quarter compared to the first quarter of the current year. At 9:55am: (LON:CKT) Checkit Plc share price was 0p at 38.5p Story provided by

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