02 December 2020
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1 min read
Key points
Revenue: £78.4m (-6%)
Net profit: -19.7% Staff: 690
K3 is now "wholly focused on profitable operations" after placing its loss-making UK Dynamics subsidiary into administration in April, the AIM-listed firm stressed in its interim 2020 results. Its fiscal year ending 30 November 2019 was a year to forget, however, as "weak trading conditions" pushed the retail-focused Sage and Microsoft partner to a £15.4m net loss. Increasing sales of its own intellectual property is now a "major focus".
