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(Alliance News) - Ingenta PLC on Thursday said it expects to report a slight drop in revenue but a rise in earnings for 2019.
Revenue is expected to have fallen 10% to GBP10.9 million from GBP12 million in 2018, the publishing services firm said.
Ingenta expects adjusted earnings before interest, taxes, depreciation, and amortisation to rise 63% to GBP1.3 million from GBP800,000.
Ingenta said: "These headline figures indicate a leaner, more responsive business better equipped to service its diverse customer base with a coherent set of solutions and services. During the year, the business also took the opportunity to incur an impairment charge against non-core goodwill from historical business combinations."
The company said it will hold its full-year dividend at 1.5 pence per share.
Ingenta shares were 4.9% higher at 75.01 pence each in London on Thursday afternoon.
By Eric Cunha; ericcunha@alliancenews.com
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