30th Apr 2014 14:09
LONDON (Alliance News) - Daily Internet PLC said Wednesday it achieved adjusted pretax profit and earnings before interest, deprecation, and amortisation for the year ended March 31 slightly ahead of market expectations.
The hosting and cloud infrastructure-as-a-service firm said its improved performance reflects a four and a half month contribution from Netplan Internet Solutions Ltd, acquired in November 2013 for GBP2.5 million.
Daily Internet said Netplan's revenue growth since its acquisition has been ahead of management's internal expectations following new customer wins and increases in contract sizes with existing customers, and this trend has continued following the year end.
The existing Daily Internet branded business continues to deliver modest organic growth in the year, the firm added, with this trend also ongoing into the current financial year.
Overall the group said it is currently trading profitably on a month-by-month basis.
It expects to publish its full-year results on June 30.
The stock was trading at 1.95 pence, up 0.08 pence or 4%.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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