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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 RTTNews Staff Writer

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