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Pin to quick picksCentralnic Share News (CNIC)

Share Price Information for Centralnic (CNIC)

London Stock Exchange
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Share Price: 86.20
Bid: 83.20
Ask: 86.80
Change: 1.60 (1.89%)
Spread: 3.60 (4.33%)
Open: 83.00
High: 86.80
Low: 83.00
Yest. Close: 84.60
CNIC Live PriceLast checked at -

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CentralNic Expects Interim Earnings Jump And Revenue Surge

Mon, 10th Aug 2020 09:55

(Alliance News) - CentralNic Group PLC on Monday said it has traded in line with market expectations over the course of the first half of 2020 and expects its revenue to have doubled year-on-year.

The internet services holding company expects its revenue for the first half, ended June 30, to be in excess of USD110 million, up from USD49.7 million a year prior.

Similarly, it expects to see its adjusted earnings before interest, tax, depreciation and amortisation up passed USD15 million, compared to last year's USD9.2 million.

The company is to publish its interim report for the six months ended June 30 on September 1.

Chief Executive Ben Crawford said: "I am delighted that CentralNic has recorded more revenue in the first half of 2020 than in the full financial year 2019. This has been achieved through a combination of earnings accretive acquisitions and steady underlying growth across our businesses."

Centralnic Group shares were up 2.6% at 84.60 pence each on Monday morning in London.

By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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