Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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."

Click here to receive FREE breaking news email alerts for Iomart Group and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
After moving modestly higher in morning trading, stocks showed a substantial move to the downside over the course of the trading day on Wednesday. The major averages pulled back well off their highs for the session, sliding firmly into negative territory. Ebola "czar" Ron Kain is scheduled to meet with President Barack Obama on Wednesday as he begins his efforts to coordinate the government's response to the deadly disease. Klain, who previously served as chief of staff to Vice President Joe Biden and then-Vice President Al Gore, was named as Ebola Response Coordinator last Friday. Potentially complicating the outlook for control of the Senate, the results of a SurveyUSA poll conducted for WXIA-TV in Atlanta suggest that the Georgia Senate race between Republican David Perdue and Democrat Michelle Nunn could be headed for a runoff.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.