Trading Update

RNS Number : 9796C

Ingenta PLC

26 January 2018

 

26 January 2018

Ingenta plc
("Ingenta" or the "Group")

Trading Update

Ingenta plc (AIM: ING), a leading software and service provider to the publishing and media industry, provides the following trading update for the year ended 31 December 2017.

The Group is pleased to confirm that it has continued to see further margin improvements during the year with adjusted EBITDA increasing to at least £1.4 million. Revenues for the year were also in line with management expectations, and the Group had net cash balances at year-end of £2.1 million.

The Board confirms its intention to pay a dividend of 1.5 pence per ordinary share for the 2017 financial year and intends to notify its final results for 2017 in March.

David Montgomery, Chief Executive Officer, commented:

"We are pleased by the significant progress on operational efficiency and profitability that we have seen over the course of the year and are confident we have the right team and product offering to propel the business through the next stage of its growth.

For further information contact:

Ingenta Plc David Montgomery	[phone]
Cenkos Securities plc Nicholas Wells Elizabeth Bowman	[phone]

 

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