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BATM Advanced Communications FY Profit Rises; Sees FY Results In Line With View

BATM Advanced Communications Ltd (BVC.L) reported that its net profit after tax attributable to equity holders of the parent for the year ended 31 December 2019 increased to $3.9 million from $0.4 million last year. Earnings per share grew to 0.92 cents from 0.09 cents in the prior year.

Profit before tax was $4.78 million up from $1.21 million in the prior year.

Annual revenue grew to $123.4 million from $119.6 million in the prior year. On a constant currency basis, revenue for 2019 would have been $126.5 million.

BATM expects to report results for full year 2020 in line with market expectations and the Board continues to look to the future with confidence.

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