Revenue and gross profit of £5.2m and £3.3m respectively are in line with the performance achieved in 1H15. Adj. operating costs have meanwhile increased, but this is largely due to a significant one-off provision and as a result, LBITDA has increased from £-2.8m, up from £-1.5m in 1H15. The company's gross cash position is materially better than the LBITDA performance suggests at £1.1m, only £0.5m lower than at year-end, benefiting from a strong control of
19 Sep 2016
Interims
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Interims
- Published:
19 Sep 2016 -
Author:
Cavendish Research -
Pages:
12 -
Revenue and gross profit of £5.2m and £3.3m respectively are in line with the performance achieved in 1H15. Adj. operating costs have meanwhile increased, but this is largely due to a significant one-off provision and as a result, LBITDA has increased from £-2.8m, up from £-1.5m in 1H15. The company's gross cash position is materially better than the LBITDA performance suggests at £1.1m, only £0.5m lower than at year-end, benefiting from a strong control of