During the first six months of FY18, CentralNic has delivered strong underlying organic growth as it continues to deliver against the long-term strategy of building recurring, high quality revenues. In terms of headline numbers, sales have increased by 5.5% to £11.2m (H1 17: £10.6m), while gross profit increased by 30.7% to £3.9m (H1 17: £3.0m), with margin increasing from 27.9% to 34.6%. Adj. EBITDA, excluding FX gains/losses, increased 65.3% to £2.3m (H1 17: &p
26 Sep 2018
Strong organic growth in H1, delivering on strategy
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Strong organic growth in H1, delivering on strategy
Team Internet Group plc (TIG:LON) | 138 1.1 0.6% | Mkt Cap: 358.3m
- Published:
26 Sep 2018 -
Author:
Bob Liao, CFA -
Pages:
9
During the first six months of FY18, CentralNic has delivered strong underlying organic growth as it continues to deliver against the long-term strategy of building recurring, high quality revenues. In terms of headline numbers, sales have increased by 5.5% to £11.2m (H1 17: £10.6m), while gross profit increased by 30.7% to £3.9m (H1 17: £3.0m), with margin increasing from 27.9% to 34.6%. Adj. EBITDA, excluding FX gains/losses, increased 65.3% to £2.3m (H1 17: &p