Update on pre-tax profits from the Group

26 March 2013 | by Josh R

A brief update from our parent (or rather, our rich uncle..!) the iomart Group, plc.

As a listed company (AIM: IOM), the Group makes announcements to the stock market from time to time. Today, they announced a positive pre-close trading statement for the year ending 31 March 2013, ahead of the announcement of their full year results:

For the year to 31 March 2013, iomart Group expects to show an adjusted EBITDA of not less than £16.4 million (FY2012: £11.2 million) and adjusted profit before tax of approximately £10.6 million (FY2012: £6.9 million) both ahead of market consensus. The Group has delivered strong organic growth as well as good performances from its acquired businesses (Ed: that's us!) and the Board sees that pattern continuing as further consolidation takes place.
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It also benefitted from the contribution of Melbourne Server Hosting, the Manchester hosting business acquired in August 2012.

Full year results for the year ending 31 March 2013 are expected to be released on Wednesday 29 May 2013.

[googleplusauthor] @ Melbourne

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