K3’s 17-month period to November 2017 has delivered the strategic clarity and underlying cash generation that we had been seeking to prove the integrity of the business. The loss-making enterprise focused-divisions have been repaired to break even, the new divisional allocation expected to drive to profit in future years. As revealed at the December trading update, period end net debt of £4.3m significantly outperformed our net debt expectations of £7.1m, driven by £2.
27 Mar 2018
Clarity and cash
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Clarity and cash
K3 Business Technology Group PLC (KBT:LON) | 104 0 0.0% | Mkt Cap: 46.3m
- Published:
27 Mar 2018 -
Author:
Andrew Darley -
Pages:
12
K3’s 17-month period to November 2017 has delivered the strategic clarity and underlying cash generation that we had been seeking to prove the integrity of the business. The loss-making enterprise focused-divisions have been repaired to break even, the new divisional allocation expected to drive to profit in future years. As revealed at the December trading update, period end net debt of £4.3m significantly outperformed our net debt expectations of £7.1m, driven by £2.