Amino’s positive trading update for the six months to May ’16 gives us confidence that the group is back on track after the sales execution issues experienced at the back end of FY’15. Revenue and adjusted PBT are in-line with expectations, with strong cash generation resulting in net cash of £3.1m at the end of the period. The acquisitions of Entone and Booxmedia have been successfully completed with synergies achieved in excess of original expectations. The newly restructured sales team is per ....
06 Jun 2016
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Aferian plc (AFRN:LON) | 11.8 0 0.0% | Mkt Cap: 13.1m
- Published:
06 Jun 2016 -
Author:
Oliver Knott -
Pages:
3
Amino’s positive trading update for the six months to May ’16 gives us confidence that the group is back on track after the sales execution issues experienced at the back end of FY’15. Revenue and adjusted PBT are in-line with expectations, with strong cash generation resulting in net cash of £3.1m at the end of the period. The acquisitions of Entone and Booxmedia have been successfully completed with synergies achieved in excess of original expectations. The newly restructured sales team is per ....