Prelims are consistent with October’s trading statement, revealing sales and adj. profit of £4.8m and £-3.8m respectively – shy of expectations, however encouragingly remedial action has been taken and is now yielding results, for example, customer retention and monetisation have both markedly improved. This leaves us cautiously optimistic for FY20, though we are cognizant that new business and/or costs require careful management considering existing cash resources.
04 Dec 2019
Prelims – all to play for in FY20
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Prelims – all to play for in FY20
i-nexus Global plc (INX:LON) | 3.2 0 0.0% | Mkt Cap: 0.96m
- Published:
04 Dec 2019 -
Author:
Harold Evans -
Pages:
3
Prelims are consistent with October’s trading statement, revealing sales and adj. profit of £4.8m and £-3.8m respectively – shy of expectations, however encouragingly remedial action has been taken and is now yielding results, for example, customer retention and monetisation have both markedly improved. This leaves us cautiously optimistic for FY20, though we are cognizant that new business and/or costs require careful management considering existing cash resources.