RE: 180-19030 Jul 2019 13:59
talco, thanks for your reply.
I know the growth seen in 2017 and 2018 meant they entered into contracts with customers with poor credit rating and the margins were slim also. These contracts would last till 2019 so the loss is not unexpected. They also mentioned they will be very selective with new contracts, to avoid mistakes of the past, so large revenue growth was not expected too. I'm guessing that the revenue growth seen now is with contracts with favourable terms.
Hopefully someone who understands balance sheets more can enlighten us all about the increase in cash balance but profitability at the same level.
Anyhow a good RNS!