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Sep 23 2015

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iSite earns £900k in half year

iSiteStyles & Wood’s specialist SaaS information management subsidiary iSite has reported revenues growing. in the first half of 2015. According to an interim results announcement, the fit-out contractor’s IT arm generated £900k in revenues in the six months to 30 June 2015, up around 7% from £843k in the same period in 2014. Profit in the first six months of 2015 is given as £82k (up from £21k in 2014).

Since June, the business has announced a three-year deal with UK furniture retailer HSL which plans to open two new stores per month until 2018 to achieve a national network of 120 retail outlets. iSite’s Portal system will support the company’s store acquisition programme and its property portfolio management.

iSite usually reports a better second half-year, though 2014 was an exception (post). If it repeats previous years, on this performance, it should finish ahead of the 2014 full year revenue figure of £1.84m (profit: £192k), the best result in the Nottingham-based business’s history.

Permanent link to this article: http://extranetevolution.com/2015/09/isite-earns-900k-in-half-year/

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  1. Zuuse targeting BIM to FM opportunity | Extranet Evolution

    […] In past years, I have reported regularly on iSite’s financial performance (most recently in September 2015). However, following changes to parent Styles & Wood’s reporting practices, iSite’s […]

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