Cheltenham-based training tech provider Pennant International Group has seen a return to positive earnings for the six months ended June 30.
Group revenues for the Period of £6.9 million (down from £7.4 million in the first half of last year) of which around 65 per cent were recurring.
More than half of its revenues were generated from software licensing and associated activities, up from 35 per cent in the same period last year, and gross margin doubled to 41 per cent, up from 21 per cent in the first half of 2021.
Pennant International Group plc (LON:PEN) is a leading global provider of technology-based maintainer training and integrated product support solutions.
