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'It's been a brilliant six months', says AdEPT Telecom PLC's finance director

A first contribution from recent acquisition Comms UK helped telecoms services group Adept Telecom PLC (LON:ADT) lift interim profits by a quarter. Revenue in the six months to September rose 19% to £16.5mln, while underlying profits [EBITDA] were 20% ahead at £3.5mln.

Finance Director John Swaite tells Proactive: ''12% of the 19% increase in revenue was driven by an acquisition which we did earlier in the year ... and Comms Group has traded almost exactly in line with our expectations set at the time we did the acquisition''.

''It's been a brilliant 6 months ... everything's delivered as expected if not slightly better and we're very confident looking forward'', Swaite added.

Quick facts: AdEPT Technology Group PLC

Price: 240 GBX

Market: LSE
Market Cap: £60.07 m

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AdEPT Telecom says Comms Group acquisition is "earnings enhancing from day one"

Ian Fishwick, chief executive officer at AdEPT Telecom (LON:ADT), the business and public sector telecoms provider, talks to Proactive Investors about the recent acquisition of Comms Group of Northampton and the rationale behind the deal. Fishwick says after the acquisition of Centrix,...

on 05/12/2016

2 min read