30th May 2018 12:42
LONDON (Alliance News) - K3 Business Technology Group PLC Chairman Stuart Darling said Wednesday trading for the first half of the 2018 financial year was in line with views.
In his annual general meeting statement, Darling said the board was confident for the second half outlook, as he reported "encouraging" group performance across all "areas of activities" with products' sales growing.
The company's financial year will end November 30.
The measures taken to improve the company's operational performance are "yielding encouraging results", Darling added.
In March, the company reported that it swung to a loss for the 17 months to November 2017 after undergoing "significant" change. It reshaped its leadership and removed "substantial" costs, to create what it said is now a simpler, more streamlined business.
Shares in the cloud solutions and managed services firm were up 3.3% at 170.00 pence.
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K3 Business Technology Group