A first contribution from recent acquisition Comms UK helped telecoms services group Adept Telecom PLC (LON:ADT) lift interim profits by a quarter. Revenue in the six months to September rose 19% to £16.5mln, while underlying profits [EBITDA] were 20% ahead at £3.5mln.
Finance Director John Swaite tells Proactive: ”12% of the 19% increase in revenue was driven by an acquisition which we did earlier in the year … and Comms Group has traded almost exactly in line with our expectations set at the time we did the acquisition”.
”It’s been a brilliant 6 months … everything’s delivered as expected if not slightly better and we’re very confident looking forward”, Swaite added.
Story by ProactiveInvestors