As shown in the trading update earlier this month, the interims are in line with LY and leave Quartix well set to meet FY forecasts. In fact, we nudge our revenue expectations up by £0.3m to £23.5m to reflect the return of some Insurance business in H2, although any additional profits will be reinvested into Fleet growth. Otherwise, the previously announced focus on Fleet operations has seen that business continue to grow strongly (revenue up 15% YoY to £8.3m), while the ref
26 Jul 2017
Interims show the benefits of Fleet focus
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Interims show the benefits of Fleet focus
Quartix Technologies PLC (QTX:LON) | 155 0 0.0% | Mkt Cap: 75.0m
- Published:
26 Jul 2017 -
Author:
Cavendish Research -
Pages:
16
As shown in the trading update earlier this month, the interims are in line with LY and leave Quartix well set to meet FY forecasts. In fact, we nudge our revenue expectations up by £0.3m to £23.5m to reflect the return of some Insurance business in H2, although any additional profits will be reinvested into Fleet growth. Otherwise, the previously announced focus on Fleet operations has seen that business continue to grow strongly (revenue up 15% YoY to £8.3m), while the ref