20th Jan 2016 10:30
LONDON (Alliance News) - K3 Business Technology Group on Wednesday said it should hit market expectations for the first half of its financial year, after a strong performance in retail activities and a shift towards cloud-hosting services.
The software and services company said group profitability in the last six months of 2015 is expected to show a significant increase year-on-year, with net debt anticipated to show a reduction of GBP1.7 million to GBP10.4 million over the same period.
K3 said it had seen a significant growth in cloud-based services revenue and expects that to continue into the second half.
Shares in K3 were trading flat at 345.00 pence on Tuesday morning.
By Hannah Boland; [email protected]; @Hannaheboland
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