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NetDimensions Sees Adjusted Profit In 2016 As Takeover Talks Continue
LONDON (Alliance News) - Software and services company NetDimensions (Holdings) Ltd on Friday said it anticipates sales will be higher year-on-year in 2016, and it will swing to an adjusted profit.
The learning management systems provider said it expects sales revenue for the year to the end of December to be in excess of USD26.0 million, ahead of the USD25.4 million it reported a year prior.
It anticipates adjusted earnings before interest, tax, depreciation and amortisation will be around USD2.0 million, swinging from a USD500,000 loss in 2015.
In October, NetDimensions said it had received a possible takeover approach, and on Friday it said these talks are ongoing, with further announcements to come in due course.
Shares in NetDimensions were up 8.4% to 72.62 pence on Friday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Latest NETD News
- NetDimensions revenue improves as its board courts suitors
10 Nov 2016 - NetDimensions confirms unsolicited approach
5 Oct 2016 - NetDimensions narrows loss despite smaller revenue
19 Sep 2016 - NetDimensions Loss Narrows In First Half Of 2016 As Margins Improve
19 Sep 2016 - NetDimensions cautions over H2 sales
25 Jul 2016 - WINNERS & LOSERS SUMMARY: William Hill Rises On 888 And Rank Interest
25 Jul 2016 - NetDimensions Says Revenue Delays To Continue In Second Half
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