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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
K3 Business Technology Group Plc | LSE:KBT | London | Ordinary Share | GB00B00P6061 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 103.50 | 102.00 | 105.00 | 103.50 | 103.50 | 103.50 | 1,800 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Fabricated Rubber Pds, Nec | 47.48M | -3.98M | -0.0902 | -11.47 | 45.63M |
TIDMKBT
RNS Number : 1323E
K3 Business Technology Group PLC
14 July 2016
14 July 2016
AIM: KBT
K3 Business Technology Group
("K3" or "the Group")
Pre-close Trading Update
K3, which provides and supports software, hosting and managed services to the retail, manufacturing and distribution sectors, provides the following update on trading for the financial year to 30 June 2016.
The Group's overall trading performance remains encouraging, particularly in core sectors, and results for the full year are expected to be broadly in line with market expectations, notwithstanding the impact of a major customer entering administration in June. The seasonally important final months of the period saw a pleasing level of contract wins and the new business pipeline continues to provide significant opportunities for the new financial year. Contracts wins and renewals also supported significant new business for K3 hosting. Recurring income (from software licence renewals, support contracts and hosting) remains high and is expected to show a year-on-year increase as the Group continues to transition to a product/cloud-centred business.
The integration of the DdD business, acquired in April, which provides proprietary cloud-based software for retailers, is progressing well and is expected to be earnings enhancing in the next financial year.
The Group's net debt at the year end is expected to show a reduction to GBP8.9m, representing a year-on-year decrease of GBP3.2m (30 June 2015: GBP12.10m; decrease of GBP1.55m).
The Board looks forward to providing further information on trading with the publication of K3's full year results in mid-September.
This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
Enquiries:
K3 Business David Bolton, Chief T: 0161 876 Technology Executive 4498 Group plc Brian Davis, Chief Financial Officer finnCap Limited Julian Blunt/James T: 020 7220 (NOMAD & Broker) Thompson 0500 Corporate broking: Malar Velaigam KTZ Communications Katie Tzouliadis, T: 020 3178 Viktoria Langley, 6378 Emma Pearson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
July 14, 2016 02:00 ET (06:00 GMT)
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