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7digital says FY results in line with market views

17 January 2017 07:37

7digital said its results for the year are in line with market expectations, including a modest gain from the strength of the US dollar.

It said it performed well in H2.

"The Company delivered against the Board's commitment to achieve profitability by the year-end, and returned an operating profit for the final quarter," it added.

"Results for the year are in line with market expectations, including a modest gain from the strength of the US dollar.

"The Board remains committed to being profitable at the operating level for the full year in 2017.

"Total Group revenue grew by 7.2% to £11.1m, with good growth across all revenue streams. The Group achieved its target of £1m of annualised cost savings by the year end."

Story provided by StockMarketWire.com

Related Company: 7DIG

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