14 May 2014 07:00
14 May 2014
Coms plc
("Coms" or the "Company")
2013/14 Trading Update
On 24th February 2014, the Board of Coms (AIM: COMS) provided an update on the expected outturn for the year ended 31 January 2014 covering revenues, EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) and Profit Before Tax. This was based on information at hand at that time and as then indicated, was subject to audit review and sign off.
The Board is very pleased to state that as the audit process nears completion, it is now apparent that whilst revenue numbers for the year will be approximately £14 million, as previously indicated, EBITDA and Profit Before Tax will be, in each case, significantly greater than the £0.75 million and £0.45 million respectively, that was announced previously.
The Board still envisages that the annual report and accounts will be finalised by the end of May and further updates will follow in due course, as appropriate.
For further information, please contact:
Coms plc +44 (0) 207 148 3000
David Breith (CEO)
Iain Ross (Chairman)
Charles Stanley Securities +44 (0)207 149 6000
(Nominated Adviser and Broker)
Karri Vuori/Philip Davies
Notes to Editors
About Coms plc
Coms is a leading organisation in the provision of end-to-end communication, connectivity and business services:
Business infrastructure
Cloud based solutions
Connectivity
Creative marketing and media solutions
Integrated and hosted telephony
IT support
Mobile
Smart buildings
We put stakeholders at the heart of everything we do, and by innovating and offering other robust technologies our solutions are resilient and cost effective. For more information, please visit: www.coms.com