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Iomart Group PLC - Glasgow-based cloud computing company - For the six months ended September 31, expects to report an 18% revenue increase to £62.0 million from £52.6 million a year prior, and a ‘more modest’ increase in pretax profit to £7.5 million from £7.4 million. Adjusted earnings before interest, tax, depreciation and amortisation predicted at £18.5 million, up 4% from £17.8 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% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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