Daisy Group plc(DAY.L), a provider of unified business communications services, Tuesday in its preliminary results reported a wider pre-tax loss for the full year. During the period, there has been an increase in amortisation of intangible assets.
For the year ended March 31, the company's net loss before tax from continuing operations was 23.5 million pounds, compared with 18.8 million pounds loss last year. Loss after tax widened to 16.4 million pounds from prior year's 8.8 million pounds. Loss per share from continuing operations was 6.38 pence per share compared with 3.46 pence per share a year ago. The operating loss from continuing operations was 16.8million pounds compared with last year's 13.1 million.
The Group said the amortisation of intangible assets was 66.2 million pounds, an increase from 61.9 million pounds prior year primarily relating to the customer relationships acquired during the current and prior periods.
Revenues increased slightly to 351.5 million pounds from 348.6 million pounds reported last year. Adjusted EBITDA stayed constant at 56.3 million pounds.
The Board proposed a full-year maiden dividend of 4 pence per share payable October 11 to shareholders of record on September 20.
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