Castleton Technology PLC Trading Update and Notice of Interim Results (0010T)
October 09 2017 - 2:00AM
UK Regulatory
TIDMCTP
RNS Number : 0010T
Castleton Technology PLC
09 October 2017
9 October 2017
Castleton Technology PLC
("Castleton", the "Group" or the "Company")
Trading Update and Notice of Interim Results
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
six-month period to 30 September 2017.
The Company is pleased to announce that revenue and
profitability for the six-month period to 30 September 2017 have
grown organically by c. 10% and support a full year performance in
line with market expectations.
Strong operating cash generation in the period has facilitated a
continued reduction in net debt, which has decreased from GBP9.4m
as at 31 March 2017 to GBP7.9m as at 30 September 2017.
The Group expects to announce its results for the six-month
period to 30 September 2017 on 7 November 2017.
David Payne, Chairman of Castleton, commented:
"I am pleased with the progress Castleton has made in the period
and as such, the Group remains on course to meet expectations for
the full year. Our financial performance, along with a number of
significant milestones previously reported to the market, including
the delivery of the integrated product suite, is particularly
pleasing. This demonstrates the capability of the Group to deliver
on its strategy and increase our share in our chosen markets. The
Board remains very confident about Castleton's future
prospects."
Enquiries:
Castleton Technology Tel. +44 (0)845 241
plc 0220
Dean Dickinson, Chief
Executive Officer
Haywood Chapman, Chief
Financial Officer
finnCap Tel. +44 (0)20 7220
Jonny Franklin-Adams 0500
/ Simon Hicks
MXC Capital Markets Tel. +44(0)20 7965
LLP 1849
Marc Young / Charlotte
Stranner
Alma PR Tel. +44(0) 203 865
Rebecca Sanders-Hewett 9668
Helena Bogle
Josh Royston
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. The acquisitions of Montal, Documotive, Opus, Keylogic,
Brixx, Impact Applications and Kypera bring together an exceptional
suite of solutions, providing the foundation for this platform.
Castleton works in partnership with its customers and resellers to
help drive efficiencies whilst improving controls and customer
service. www.castletonplc.com
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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