12 November 2015 – trading update
The group has issued a positive trading update for the financial year ending 31 December as it continues to deliver strong growth and both revenues and profits for the year seem likely to exceed market expectations. Revenues for the year are now likely to exceed US$88m with EBITDA expected to be at least US$27.5m. Compared with the results for 2014, this represents growth of 73% and 62% respectively. The group is benefitting from good levels of organic growth as well as reaping the benefits of acquisitions that it has made which has seen it expand its geographic presence mainly in North America, UK and Europe. With a confident statement regarding future prospects, the shares remain a BUY.