26th Jul 2018 13:13
LONDON (Alliance News) - Kape Technologies PLC said Thursday it expects to post earnings for the six months to June 30 up 48% on last year.
The software security company expects earnings before interest, tax, depreciation and amortisation of USD4.3 million up from USD2.9 million in the comparative year ago period.
Revenue for the half-year reduced to USD26.4 million form USD30.1 million, the company added.
Additionally, Kape said it sold its non-core Media division to Ecom Online Ltd. As consideration, Kape will receive a 50% share of Ebitda from the Media division for the next five years following the sale.
The company will report its results for the six months to June 30 on September 24.
Kape shares were trading 1.35 higher at 127.62 pence each.
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