During the first six months of FY17, CentralNic delivered good underlying organic growth across the business as it continues to deliver against the long-term growth strategy of building recurring, high quality revenues. In terms of headline numbers, sales have increased by 18.5% to £10.6m (H1 16: £8.9m), while gross profit increased by 29.5% to £3.0m (H1 16: £2.3m), with margin increasing from 25.5% to 27.9%. Currency headwinds resulted in an FX loss of £0.3m ver
07 Sep 2017
FY17 Interims – long-term growth strategy continues, FY on track
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FY17 Interims – long-term growth strategy continues, FY on track
Team Internet Group plc (TIG:LON) | 140 1.1 0.6% | Mkt Cap: 364.2m
- Published:
07 Sep 2017 -
Author:
Bob Liao, CFA -
Pages:
8
During the first six months of FY17, CentralNic delivered good underlying organic growth across the business as it continues to deliver against the long-term growth strategy of building recurring, high quality revenues. In terms of headline numbers, sales have increased by 18.5% to £10.6m (H1 16: £8.9m), while gross profit increased by 29.5% to £3.0m (H1 16: £2.3m), with margin increasing from 25.5% to 27.9%. Currency headwinds resulted in an FX loss of £0.3m ver