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Reduced H1 loss and strong H2 flagged

  • 30 Aug 2016

Reduced H1 loss and strong H2 flagged


BATM Advanced Communications | BVC | 27.7 0 0.5% | Mkt Cap: 111.7m


  • finnCap
    • Lorne Daniel

    • 12 pages

Telecomms - Equipment image


 
Telecomms - Equipment image


H1 shows a continuing move towards Bio-Medical, with that division now delivering 57% of group revenue. Overall, a challenging first half year was as expected, but improved margins and tight cost control reduced the loss and a much stronger second half is flagged in the outlook. There is thus no change to FY 2016 guidance or forecasts. Following its $3.8m acquisition of Green Lab in January, but before receipt of the $3.0m Egens investment in Adaltis, BATM ended June with a healthy $14.0m net ....


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