LONDON (Thomson Financial) - UK smallcap Creston Plc. said like-for-like revenue for the first
quarter to end-June rose 5 percent despite a volatile economic climate, and added that it is on course to meet its expectations for the full year.
The communications company also said it benefiting from strong new business wins from major clients.
It added it remains focused on controlling costs and maximising efficiencies to respond quickly to changes in the market conditions.
Creston said it maintains significant headroom in all its banking covenants giving it the option to settle all future earn out liabilities in loan notes and cash rather than equity should it be appropriate.
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