14th May 2014 11:14
LONDON (Alliance News) - Cloud based telephony company Coms PLC said Wednesday that it will beat its previous forecasts for pretax profit and earnings before interest, tax, depreciation and amortisation for the year to the end of January.
The company said that, as it nears the completion of its audit process, it can confirm that revenue will be around the GBP14 million it had previously forecast.
However, its earnings before interest, taxation, depreciation and amortisation, as well as pretax profit figures will be "significantly" higher than the GBP750,000 and GBP45,000, respectively, that it had indicated.
Coms expects to complete its annual report and accounts by the end of May.
Shares in Coms were trading up 0.8% at 6.25 pence Wednesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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