CDL turnover breaks through £50m in 2017

Bag of money

Post-tax profit dips as investment continues.

CDL Group has reported a 12% rise in turnover to £52.68m for the year ended 30 September 2017.

The software specialists also delivered a 13% leap in operating profit to £8.3m.

However, profit after tax slipped by 3% to £6.62m.

During the course of the year the Stockport-headquartered technology firm expanded average monthly headcount from 578 to 625.

Incubator
It also launched its InsurTech Incubator in the period which it has described as a means for allocating resources to support start-up

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