9 Sep 2015 15:11
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Don't have an account? Click here to register.Avanti revenues improve, results delayed
Fri, 31st May 2019 09:44
(Sharecast News) - Satellite data services provider Avanti Communications saw revenues move ahead in the first quarter of its trading year, keeping the group on target against internal plans.Revenues for the three months ended 31 March came to $14.3m, up from the $12.8m recorded a year earlier, while EBITDA was $4.6m. Cash balances at the end of the quarter were $16.3m and Avanti also had a period end backlog of $164.3m.Avanti assured investors that trading was on target to meet its internal plans, with its previously announced cost optimisation project starting "well".The AIM-listed company said it was "well placed to achieve the savings targeted for the full year", which should result in a positive EBITDA from its bandwidth business in 2019.Avanti revealed earlier in the week that it would not be in a position to publish its audited financial results for the 18 month period to 31 December until 7 June and as a result, it would not be possible for its accounts to be laid at its AGM on 24 June.As a result, Avanti will hold a separate general meeting, to be convened as soon as possible after its AGM.As of 1000 BST, Avanti shares had slipped 2.53% to 1.61p.
More News
17 Aug 2015 18:27
MEDIA-Avanti Communications bond issue said to draw interest from Mast Capital - Sky News
-- Source link: (http://bit.ly/1DYzi21) -- Note: Reuters has not verified this story and does not vouch for its accuracy
Read more9 Jul 2015 16:39
Avanti wins broadband contract in Spain
Avanti Communications has been appointed by Quantis to supply a broadcast deployment for the Aragon Government in Spain. As part of the contract, Avanti will deliver high-speed broadband via satellite to Quantis's consumers. The signal will deliver broadcast capabilities for TV and radio channels i
Read more6 Jul 2015 07:49
Avanti Communications signals full year revenue up 50%
Satellite company Avanti Communications said its revenue was up 50% assuming constant currency, on track with trends. The company which provides services to telcos in Europe, the Middle East and Africa said its revenue for the 12 months ended 30 June exceeded $80m. Avanti said trading remained in l
Read more6 Jul 2015 07:47
9 Jun 2015 08:07
Avanti Communications wins contract with South Africa telecoms operator
Satellite communication services provider Avanti Communication Group has been awarded a multi-year contract with South Africa state-owned telecoms operator SENTECH. The London-listed company did not reveal any financial details of the contract, although it said the deal will see it provide satellite
Read more1 Jun 2015 15:37
Avanti Communications lands deal with Tanzania's national telecoms operator
Avanti Communications has signed a new deal with TTCL, the national telecoms operator of Tanzania. The contact will expand TTCL's broadband network to customers who are outside of the fibre infrastructure via Avanti's HYLAS 2 satellite, which gives complete coverage of the country. The agreement wi
Read more