Ingenta PLC Trading Update (9796C)
January 26 2018 - 2:00AM
UK Regulatory
TIDMING
RNS Number : 9796C
Ingenta PLC
26 January 2018
26 January 2018
Ingenta plc
("Ingenta" or the "Group")
Trading Update
Ingenta plc (AIM: ING), a leading software and service provider
to the publishing and media industry, provides the following
trading update for the year ended 31 December 2017.
The Group is pleased to confirm that it has continued to see
further margin improvements during the year with adjusted EBITDA
increasing to at least GBP1.4 million. Revenues for the year were
also in line with management expectations, and the Group had net
cash balances at year-end of GBP2.1 million.
The Board confirms its intention to pay a dividend of 1.5 pence
per ordinary share for the 2017 financial year and intends to
notify its final results for 2017 in March.
David Montgomery, Chief Executive Officer, commented:
"We are pleased by the significant progress on operational
efficiency and profitability that we have seen over the course of
the year and are confident we have the right team and product
offering to propel the business through the next stage of its
growth.
For further information contact:
Ingenta Plc +44 (0) 1865 397
David Montgomery 800
Cenkos Securities plc
Nicholas Wells +44 (0) 20 7397
Elizabeth Bowman 8900
This information is provided by RNS
The company news service from the London Stock Exchange
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