Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Kinovo PLC - London-based specialist property services group - Expects to report results marginally above expectations for the year ended on March 31. Revenue is up 18% to £62.7 million from £53.3 million the year before. Earnings before interest, tax, depreciation and amortisation is up 29% to £5.5 million from £4.2 million. As at March 31, cash amounts to £1.3 million. The firm says it is now contracted on seven of the nine outstanding projects, with positive discussions ongoing on the other two.
Chief Executive Officer David Bullen says: ‘We are delighted to report another strong year for Kinovo as the business continues to deliver good progress against its strategic goals. Despite the challenging economic backdrop, we have achieved significant growth this year, with revenue and adjusted Ebitdamarginally above expectations.’
Current stock price: 52.5p pence each, up 14% on Wednesday morning in London
12-month change: up significantly from 13.15p a year ago
Copyright 2023 Alliance News Ltd. All Rights Reserved.