sp +4% results due today..29 Jul 2016 10:51
The Group finished the year ended 31 March 2016 with its best ever financial performance. A number of significant projects were delivered in that period, many of which the Board expects will continue and develop into the current financial year, along with other projects which have been rescheduled into the current financial year.
The Board expects turnover for the financial year of not less than £3.14 million (prior year £2.48 million) and, as a result of improvements in margins and reductions in overhead costs, a maiden positive full year EBITDA of approximately £50,000 (prior year EBITDA loss of £625,000) and a reduced retained loss of approximately £100,000 (prior year loss of £656,000).
The Board expects to announce final audited results in July 2016