Gamma sees full year performance at top end of range amid strong H1 performance
StockMarketWire.com - Technology provider Gamma Communications said Thursday it expected full-year results to come it at the higher end of management's expectations as the company delivered 'strong' performance, and margin growth during the first half of the year.
The upbeat performance was supported by continued growth across direct and indirect channels in Gamma's SIP Trunking, Cloud PBX and data services.
Gamma's new high capacity national optical fibre network project was delivered on schedule and on budget. This would enable the company to deliver services at 10Gb/s and above in the second half of 2018.
Cash conversion from earnings (EBITDA) is anticipated to be in line with previous levels and the closing cash balance for the half year stood at about £36.9m, compared to £31.6m the previous year, Gamma said.
At 9:28am: (LON:GAMA) Gamma Communications Plc share price was +18p at 772p
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