Bigblu Broadband PLC - provider of broadband services to rural homes and businesses across Europe and Australia - Says trading in 12 months to November 30, in line with expectations and is increasingly confident in future growth.
Expects to report annual revenue of about GBP27 million, down sharply from GBP62.1 million the year before. Adjusted earnings before interest, taxes, depreciation and amortization expected in line with expectations at about GBP6 million. Ended November with about 65,000 customers.
Chief Executive Andrew Walwyn says: "We have a clear direction of travel for our operations, with significant scope to generate further shareholder value as we take advantage of the various growth opportunities in each territory. Having restructured the business during the period, it is clear to see the strong growth trajectory of the Continuing Group, which performed extremely well despite the wider market issues."
Current stock price: 103.03 pence
Year-to-date change: up 5.7%
By Paul McGowan; paulmcgowan@alliancenews.com
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Bigblu Broadb. (BBB)