logo
Share SHARE
FONT-SIZE Plus   Neg

Iomart Says Remains Confident Of Further Growth In Next Financial Year

Iomart Group Plc (IOM.L) provided its pre-close trading statement for the year ending March 31, 2012.

The company said it achieved a very strong set of results across both its operating segments, ahead of market consensus. For the year to March 31, 2012, Iomart expects to show an adjusted EBITDA of not less than 11 million pounds and adjusted profit before tax of around 6.7 million pounds.

Iomart stated that it delivered strong organic growth as well as good performances from the acquired businesses and added that the Board sees continued organic and acquisitive expansion prospects for the company going forward.

Angus MacSween, cheif executive officer of Iomart, said, "iomart continues to benefit from a compelling mix of recurring revenues, sticky customers, good forward visibility and a leading competitive position. As a result we remain very confident of further growth in the next financial year and beyond."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Netflix offers a bunch of popular movies, Netflix originals, new TV shows, and documentaries in the month of December 2016, including the second season of the hit sitcom 'Fuller House' and 2016 blockbuster 'Captain America: Civil War', as all are getting ready for the holidays. SpaceX, the space transport company of Tech entrepreneur Elon Musk, is likely to launch its first Falcon 9 rocket since September's launchpad explosion on December 16. SpaceX's satellite launch customer Iridium Communications Inc. announced Thursday that its next-generation global satellite constellation, Iridium NEXT, will be launched on SpaceX's Falcon 9 rocket. Bank holding company Wells Fargo & Co., amid struggles to re-establish itself after the fake-account scandal, on Thursday said it has separated the roles of the Chairman and Chief Executive Officer formally, by amending the company's By-Laws. The amendment is also for the Chairman and Vice Chairman of the Board to be independent directors. The amendments were effective immediately.
comments powered by Disqus
Follow RTT