Open GI posts continuing growth for 2016
Profits stable as technology provider ramps up investment.
Open GI has reported 8.4% increase in turnover to £45.66m for the year ended 31 May 2016.
The uplift marks the second consecutive year of growth since the management buyout with Montague Private Equity of parent company Open International in 2014.
In 2015 turnover growth came in at 6.7%.
The most recent figures, released in a filing at Companies House, showed that Ebitda (excluding one off and exceptional costs) rose by 6% in 2016 to £28.6m.
R&D
The business' post-tax profit dipped slightly to
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