Morse plc saw revenues slip but profits increase in the last six months of 2005, figures released yesterday showed.

Turnover was £187.5m, compared to £194.4m last year (excluding discontinued operations). However, revenue from services, which the company is now focussing on, were up 18 per cent.

Pre-tax profits were £6.1m, up 61 per cent, compared to £3.8m a year ago (excluding discontinued operations.

Morse said the results were evidence of a successful transition from pure reselling towards services, with 52 per cent of turnover and 64 per cent of profit coming from services.®

Related stories

Morse snaps up consultancy firm (13 September 2007)
Morse sees revenue slide (4 September 2007)
Morse will dash for AIM under new CEO (28 June 2007)
Morse splits to AIM high (8 June 2007)
Morse boardroom shuffle detailed (28 September 2006)
New guard take over at Morse (30 August 2006)
Morse withdraws from Germany (24 July 2006)
Morse loses finance head (15 June 2006)
Morse stumbles in Germany and Austria (18 May 2006)
Morse signs network processors (12 April 2006)
HSBC joins Morse's mobile ATM network (10 April 2006)
Morse suffers poor first half (1 November 2005)
Value added reselling is dead - Morse chief (1 September 2005)
Morse flogs French business for €1 (and then some) (14 July 2005)
Morse shares tumble on channel exposure (15 April 2005)
Morse: UK sales under pressure (20 January 2005)