Despite the BREXIT impact Porta delivered 4% LFL CER Gross Profit (essentially fee income) growth in 2016. Adjusted EBITDA edged down to £2.34m due to the BREXIT impact on PPS and investment made to strengthen the Newgate UK operation. More importantly, progress has commenced on positioning the Company for its new phase of growth and driving efficiency under the new executive team. The start to 2017 is encouraging with the Company indicating that the trading performance is substantially ahead of ....
11 May 2017
N+1 Singer - Porta Communications - 2016 final results
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N+1 Singer - Porta Communications - 2016 final results
Porta Communications (PTCM:LON) | 0 0 1.6% | Mkt Cap: 11.3m
- Published:
11 May 2017 -
Author:
Johnathan Barrett -
Pages:
3
Despite the BREXIT impact Porta delivered 4% LFL CER Gross Profit (essentially fee income) growth in 2016. Adjusted EBITDA edged down to £2.34m due to the BREXIT impact on PPS and investment made to strengthen the Newgate UK operation. More importantly, progress has commenced on positioning the Company for its new phase of growth and driving efficiency under the new executive team. The start to 2017 is encouraging with the Company indicating that the trading performance is substantially ahead of ....