Blur Group PLC Trading update (2820X)
November 23 2017 - 2:00AM
UK Regulatory
TIDMBLUR
RNS Number : 2820X
Blur Group PLC
23 November 2017
blur Group plc
("blur", the "Group" or the "Company")
Trading update
Following the recent placings and board changes in the summer
blur is pleased to announce that the company is making steady
progress.
-- Gross profit and revenue in Q3 2017 are ahead of H1 2017
-- Q4 2017 revenue and gross profit are expected to be ahead of Q3 2017
-- New customer wins are encouraging
-- Cash balance as at 22 November 2017 was GBP2.71m
Laurence Cook, CEO, commented:
"I have been encouraged by the increasing rate of repeat
business we are getting from existing customers and the addition of
significant new customers. Although there is usually a lead time
between the signing of a new customer and subsequently the building
of momentum on the platform, the current trend is promising. It is
reassuring that we now have sufficient resources to develop the
business further over the next few years."
For further information, please contact:
blur Group plc investors@blurgroup.com
---------------------- ------------------------
Richard Croft Tel: + 44 (0)
20 7693 9544
---------------------- ------------------------
N+1 Singer (Nominated
Adviser & Broker)
---------------------- ------------------------
Shaun Dobson Tel: +44 (0)
20 7496 3000
---------------------- ------------------------
James White
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This information is provided by RNS
The company news service from the London Stock Exchange
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November 23, 2017 02:00 ET (07:00 GMT)
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