Aeorema delivered an impressive set of interim results for the 6m period ended 31 December 2019. Revenues were 46% ahead of the previous year and the balance sheet ended the period with a healthy net cash position of £1.39m. The results were followed by a small but strategic acquisition. However, COVID-19 has led to events being postponed and hence a detrimental impact on forecast revenues. The Company expects a loss before tax for FY20 of between £150k and £250k against our
26 Mar 2020
Strong 2020 interims & acquisition but outlook uncertain
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Strong 2020 interims & acquisition but outlook uncertain
Aeorema Communications plc (AEO:LON) | 60.0 0 0.0% | Mkt Cap: 5.72m
- Published:
26 Mar 2020 -
Author:
Matt Butlin -
Pages:
2
Aeorema delivered an impressive set of interim results for the 6m period ended 31 December 2019. Revenues were 46% ahead of the previous year and the balance sheet ended the period with a healthy net cash position of £1.39m. The results were followed by a small but strategic acquisition. However, COVID-19 has led to events being postponed and hence a detrimental impact on forecast revenues. The Company expects a loss before tax for FY20 of between £150k and £250k against our