Trading Update

RNS Number : 0334H

Coms PLC

14 May 2014

 

14 May 2014

Coms plc

("Coms" or the "Company")

2013/14 Trading Update

On 24^th February 2014, the Board of Coms (AIM: COMS) provided an update on the expected outturn for the year ended 31 January 2014 covering revenues, EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) and Profit Before Tax.  This was based on information at hand at that time and as then indicated, was subject to audit review and sign off.

The Board is very pleased to state that as the audit process nears completion, it is now apparent that whilst revenue numbers for the year will be approximately £14 million, as previously indicated, EBITDA and Profit Before Tax will be, in each case, significantly greater than the £0.75 million and £0.45 million respectively, that was announced previously.

The Board still envisages that the annual report and accounts will be finalised by the end of May and further updates will follow in due course, as appropriate.

For further information, please contact:

Coms plc                                                              [phone]

David Breith (CEO)

Iain Ross (Chairman)

Charles Stanley Securities                           [phone]

(Nominated Adviser and Broker)

Karri Vuori/Philip Davies

Notes to Editors

About Coms plc

Coms is a leading organisation in the provision of end-to-end communication, connectivity and business services:

Business infrastructure

Cloud based solutions

Connectivity

Creative marketing and media solutions

Integrated and hosted telephony

IT support

Mobile

Smart buildings

We put stakeholders at the heart of everything we do, and by innovating and offering other robust technologies our solutions are resilient and cost effective. For more information, please visit: www.coms.com

 

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