IN BRIEF: Kin & Carta interim loss widens but sees better days ahead
Kin & Carta PLC - London-based business consultancy - Posts net revenue of GBP98.7 million for the six months that ended on January 31, up 15% from GBP85.6 million a year before driven by acquisitions and currency effects. Net loss before tax, however, widens to GBP15.1 million from GBP3.3 million, as operating loss widens to GBP14.7 million from GBP2.6 million. Adds that the net loss is driven by net adjusting cost items of GBP32.7 million, as well as difficult trading conditions. Looking ahead, expects organic growth and profitability to improve in the second half. Expects total net revenue growth of 8% to 12% in financial 2023, but a low-single-digit percentage decline in organic net revenue. "We expect a return to more normal growth and profitability in FY24," it says. Read More