Commsworld reports 60% rise in gross profit

Wed, 23/11/2022 - 09:46
Commsworld team

Commsworld has reported a 60% rise in gross profit on a revenue increase of 20% from £20.6m in 2020 to £24.1m.

Boosted by a £20m-plus framework agreement for digital connectivity services with North Lanarkshire Council the Edinburgh-based comms provider posted a gross profit rise to £7.5m (up from £4.7m in the previous year).

CEO Steve Langmead stated: "This contract along with other similar opportunities being pursued can enable significant growth in the years ahead for the group.”