As flagged in its May trading update, management’s H1 revenue expectations and KPI targets were met. The adj. operating loss was £1.13m (2017 group £2.12m) on continuing revenues of £0.23m (2017 £nil). Further sales growth and cost saving measures should improve H2 results. We are encouraged by the growing level of repeat business seen across its products. We make no changes to our headline forecasts,save for including the c.£0.4m placing in the cash flow,
05 Sep 2018
Positive H1 – revenue and KPI targets in line
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Positive H1 – revenue and KPI targets in line
Sorted Group Holdings Plc (SORT:LON) | 82.5 -1.2 (-1.8%) | Mkt Cap: 3.49m
- Published:
05 Sep 2018 -
Author:
Robert Sanders -
Pages:
8
As flagged in its May trading update, management’s H1 revenue expectations and KPI targets were met. The adj. operating loss was £1.13m (2017 group £2.12m) on continuing revenues of £0.23m (2017 £nil). Further sales growth and cost saving measures should improve H2 results. We are encouraged by the growing level of repeat business seen across its products. We make no changes to our headline forecasts,save for including the c.£0.4m placing in the cash flow,