LONDON (Alliance News) - Digital publishing company iEnergizer Ltd on Wednesday said it expects earnings for the year to the end of March to rise significantly year-on-year.
The company said earnings before interest, tax, depreciation and amortisation for the year to March 31 will rise thanks to renewed business momentum, new contract wins and the successful implementation of its restructuring plan.
iEnergizer has been focused on taking costs out of the business in order to improve operating margins. This included the consolidation of its content services division into its operations centre in Noida, India, and rationalising selling, general and administrative costs.
iEnergizer will publish final results on June 30.
iEnergizer shares were up 25% early Wednesday to 15.84 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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