2nd Dec 2021 17:53
Bigblu Broadband PLC - Bicester, Oxfordshire-based rural broadband services provider - Says revenue in the year to September 30 is expected to be approximately GBP27 million, up by 14% from GBP23.6 million the year before. Expects adjusted earnings before interest, taxes, depreciation, and amortisation to be around GBP4.5 million, up around 9.8% from the GBP4.1 million. Attributes this to "good growth" throughout the year. Total customers grew 4.9% to around 60,000 from 57,200. Says net cash was down to GBP5 million from GBP7.4 million the year before. States it is confident in future prospects and will look to further accelerate growth.
Current stock price: 79.00p, up 14% on Thursday
Year-to-date change: down 16%
By Abby Amoakuh; [email protected]
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