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IBEX Confident On Full Year As First Half Meets Expectations

Wed, 20th Jan 2016 09:12

LONDON (Alliance News) - IBEX Global Solutions PLC on Wednesday said trading in the first half of its financial year was in line with expectations as new contracts it recently won have progressed well.

The call centre provider said its new programmes with clients in the Philippines are performing well and are consistent with the board's strategy of focusing on higher margin business.

The revenue growth from these contracts will be weighted towards the second half of the year, but IBEX said it has confident in trading for the full year.

IBEX will release its results for the first half ended December 31 on February 24.

"We are pleased to announce that trading for the first half has met our expectations and we have delivered good improvements on the second half of 2015. More importantly, we have built the framework to position IBEX for longer term growth, combining strong organic growth from existing clients with recent new client wins in our offshore, onshore and new nearshore markets," Chief Executive Bob Dechant said in a statement.

Shares in IBEX were trading down 4.4% at 110.00 pence on Wednesday morning.

By Karolina Kaminska; @KarolinaAllNews

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