Iomart Group PLC - Glasgow-based cloud computing company - For the six months ended September 31, expects to report an 18% revenue increase to GBP62.0 million from GBP52.6 million a year prior, and a "more modest" increase in pretax profit to GBP7.5 million from GBP7.4 million. Adjusted earnings before interest, tax, depreciation and amortisation predicted at GBP18.5 million, up 4% from GBP17.8 million the year before. Looking ahead, is confident in the outlook for its long-term prospects. Chief Executive Officer Lucy Dimes says: "This has been a solid first half of the financial year, seeing growth in both revenue and profitability. Since assuming the role of CEO in the last few weeks, I have been impressed by the knowledge and skills of our team, range of service offering and diversity of our customer base."
Current stock price: 161.07 pence, up 2.6%
12-month change: up 11%
By Sabrina Penty, Alliance News reporter
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Iomart (IOM)