Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Software solutions provider K3 Business Technology said it expected core adjusted earnings to be ahead of last year following a strong end to the financial year.
Trading in the second half of the financial year to 30 November 2021 had been in line with management expectations.
Adjusted earnings before interest taxes, depreciation, and amortisation, or EBITDA, from continuing operations for the year was expected to be higher than last year.
Net cash at 30 November 2021 was 'substantially ahead of the same point six months ago at approximately £9.0 million (31 May 2021: £4.4 million and 30 November 2020: net debt of £1.9 million),' the company said.