Post the trading update on 1st November IMImobile has released its interim results for the half year ended 30th September. We increased our revenue, and gross profit, forecasts at the time of the trading statement, and results for the full year are expected to be in line with these revised estimates. We retain our Buy rating and 260p price target as we see continued growth prospects, we also see the potential for underlying margins to increase after a period of investment.
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Interim Results
- Published:
21 Nov 2017 -
Author:
Harvey Robinson -
Pages:
4
Post the trading update on 1st November IMImobile has released its interim results for the half year ended 30th September. We increased our revenue, and gross profit, forecasts at the time of the trading statement, and results for the full year are expected to be in line with these revised estimates. We retain our Buy rating and 260p price target as we see continued growth prospects, we also see the potential for underlying margins to increase after a period of investment.