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finnCap's published a note this morning on Research Tree "H1’16 numbers were a tale of two quarters. H2 is trading in line with expectations and has a soft base. Interim numbers were marginally lower YoY. Revenue was down 4.6% to £74.6m and gross profit was down 5% to £9.9m (margin flat) with pre-tax profit and EPS both down 4% at £1.9m and 3.0p respectively."
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