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IN BRIEF: Bigblu Broadband falls despite increased interim revenue

4th Jul 2022 09:56

Bigblu Broadband PLC - Bicester, Oxfordshire-based rural broadband services provider - Reports revenue of GBP14.9 million in the six months ending May 31, up 14% from GBP13.1 million the previous year. Like-for-like revenue growth on a constant currency basis was 15%. Adjusted earnings before interest, tax, depreciation and amortisation grows to GBP2.0 million from GBP1.3 million. Total customers at the end of the half stands at 60,400, up from 58,300 a year prior.

Company says it is well positioned for the second half of the year as it continues to trade in line with expectations.

Current stock price: 49.40 pence, down 5.0% in London on Monday

12-month change: down 55%

By Heather Rydings; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.

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