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Annual Results

accesso pre-tax profits up 40.3%

21 March 2017 07:56

accesso Technology Group's pre-tax profits rose to $10.1m in the year to the end of December - 40.3% up on last time.

Revenues were up 10% at $102.5m and adjusted EBITDA rose by 25.7% to $19.1m.

Adjusted operating profits of $15.7m were up 24.6% on 2015.

Executive chairman Tom Burnet said: "2016 has been the year in which I believe Accesso has achieved meaningful scale.

"As a result, we are now beginning to see the positive impact this step-change in activity can have on our financial performance.

"It is particularly encouraging that this performance has been delivered during what we consider to be an investment phase for Accesso, as we continue to prepare for what remains a significant global opportunity in the medium term.

"As ever, we base our success on the quality of the relationships we have with some of the largest and most ambitious operators in the world, helping us to expand or extend our existing relationships as well as to initiate new ones.

"This approach, fully aligned with our business model, allows us to focus on the execution of our plans to generate sustainable and increasing profitable growth."

Story provided by StockMarketWire.com

Related Company: ACSO

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