Redstone’s latest update for the year ending January 2017 confirms adjusted PBT of £1.2m (with a further £0.3m from discontinued operations) and a contract extension. The adjusted PBT is in line with expectations and represents growth of 71%. Cash at January 2017 was £3.2m, materially above our forecast solely due to the timing of working capital. The focus of attention will now shift to the January 2018 estimates when we expect PBT to more than double to £2.5m,
07 Mar 2017
Smart buildings – concept to reality
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Smart buildings – concept to reality
Smartspace Software Plc (SMRT:LON) | 87.5 0 0.0% | Mkt Cap: 25.3m
- Published:
07 Mar 2017 -
Author:
Andy Smith -
Pages:
8
Redstone’s latest update for the year ending January 2017 confirms adjusted PBT of £1.2m (with a further £0.3m from discontinued operations) and a contract extension. The adjusted PBT is in line with expectations and represents growth of 71%. Cash at January 2017 was £3.2m, materially above our forecast solely due to the timing of working capital. The focus of attention will now shift to the January 2018 estimates when we expect PBT to more than double to £2.5m,