Castleton Technology PLC Trading Update (5932B)
April 05 2017 - 2:00AM
UK Regulatory
TIDMCTP
RNS Number : 5932B
Castleton Technology PLC
05 April 2017
5 April 2017
Castleton Technology plc
("Castleton", the "Group" or the "Company")
Trading Update
Castleton Technology plc (AIM: CTP), the software and managed
services provider to the public and not-for-profit sectors, is
pleased to provide the following update on trading for the year
ended 31 March 2017 ahead of the announcement of its full year
results.
The Company is pleased to announce that revenue and
profitability for the year are in line with market expectations.
Operating cash generation in the period was significantly better
than market expectations, facilitating a continued reduction in the
Company's net debt.
The Group expects to announce its preliminary results in late
July 2017.
David Payne, Chairman of Castleton, commented:
"I am pleased with the substantial progress Castleton has made
in the period having built a leading software and managed services
provider in our sector. Meeting our financial targets whilst
demonstrating the profitable and cash generative nature of our
business is reassuring and we remain focussed on improving our
customer proposition and cross-selling our portfolio of products
and services. The Board remains confident about Castleton's future
prospects."
Enquiries:
Castleton Technology Tel. +44 (0)845
plc 241 0220
Dean Dickinson, Chief
Executive Officer
Haywood Chapman, Chief
Financial Officer
finnCap Tel. +44 (0)20
Jonny Franklin-Adams 7220 0500
/ Simon Hicks
MXC Capital Markets Tel. +44(0)20
LLP 7965 1849
Marc Young / Charlotte
Stranner
Alma PR Tel. +44(0)
Josh Royston 7780 901979
About Castleton Technology plc
Castleton Technology plc is a leading supplier of complementary
software and managed services to the public and not-for-profit
sectors. Castleton works in partnership with its customers and
resellers to help drive efficiencies whilst improving controls and
customer service. www.castletonplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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