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Interim Results

AdEPT Telecom earnings up

15 November 2016 09:57

AdEPT Telecom's revenue increased by 19% to £16.5 million in the six months to the end of September and EBITDA rose by 20% to £3.5 million.

The group said the increased revenues reflected the 5 month revenue contribution from Comms Group UK following the completion of the acquisition in May.

Reported profit before tax increased by 26% to £1.5 million (2015: £1.2 million) and reported profit after tax increased by 23% to £1.0 million (2015: £0.8 million). The group said both of these increases are a reflection of the improved operating profit over the prior period, less the movement in interest charges and tax liability respectively.

At 9:57am: (LON:ADT) AdEPT Telecom PLC share price was +17.5p at 257.5p

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