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Bigblu Broadband PLC - London-based provider of alternative superfast and ultrafast broadband solutions throughout Australasia and the Nordics - Says revenue for the six months ending on May 31 is expected to be about £14.9 million, unchanged from a year prior. Says progress is seen on all business units in terms of product offerings and costs reduction. Adjusted earnings before interest, tax, depreciation and amortisation rises 3.2% to £2.1 million from £2.0 million a year before. Like-for-like revenue growth on a constant currency basis, however, is down to 3.1% from 15% in the comparative period. Looking ahead, says it is well-positioned for the second half of the financial year.
Chief Executive Officer Andrew Walwyn says: ‘The overall performance of the group is in line with the board’s expectations. We remain focused on realising value for shareholders.’
In March, Biglu reported pretax loss of £1.8 million for 2022 and revenue of £31.2 million.
Current stock price: 40.75 pence each, down 15% on Monday morning in London
12-month change: down 35%
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