15 Mar 2016 12:01
15 March 2016 |
Coms plc
("Coms" or the "Company")
Trading update
Coms (AIM: COMS), a leading provider of infrastructure, smart building workspace management, and managed services solutions, is pleased to provide a further trading update for the financial year ended 31 January 2016.
As a result of strong levels of demand for its products and services with more companies now focusing on the additional benefits of 'smart building' technology solutions, revenue from continuing operations for the full year was £40.1 million (2015: £29.5 million), generating gross profit of £6.9 million (2015: £5.2 million) and EBITDA (stated before PLC overhead of c.£1 million) of £2.2 million (2015: £0.9 million). The Company had net cash of c.£1.0 million as at 31 January 2016. All of the figures above are unaudited.
The Board is very pleased with this solid financial progress made to date and remains confident of the Company's future trading prospects. The Company expects to publish its financial results for the year ended 31 January 2016 at the end of May 2016
For further information, please contact:
Coms plc Mark Braund (CEO)
| +44 (0)20 7886 2976 |
Panmure Gordon & Co (Nominated Adviser and Joint Broker) Karri Vuori / Adam James / James Greenwood
| +44 (0)207 886 2500 |
Whitman Howard Limited (Joint Broker) Nick Lovering
| +44 (0)207 659 1234 |
Vigo Communications Jeremy Garcia / Ben Simons / Fiona Henson www.vigocomms.com
| +44 (0)20 7830 9700 |