10th Jul 2015 07:20
LONDON (Alliance News) - Software and managed services provider K3 Business Technology Group PLC on Friday said it expects its results for the year to the end of June to be broadly in line with market expectations.
The company said it continued to make progress in the second half of its financial year, though it said trading has taken a hit from the weak euro and tough conditions in the Dutch market. Recurring income for the company remains robust and is expected to rise year-on-year.
Net debt, however, should beat market expectations for the year, down to GBP12.1 million from GBP13.6 million a year earlier.
K3 shares were up 0.3% to 239.3198 pence on Friday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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