18th Jan 2016 07:54
LONDON (Alliance News) - Branded products developer Litebulb Group Ltd on Monday said trading for 2015 met its expectations, and that it is closely monitoring its financial position.
The company said its revenue for the year should be around GBP31.0 million, up from GBP21.9 million a year earlier, with its adjusted earnings before interest, taxation, depreciation and amortisation to be positive.
In addition, the group is closely monitoring its financial position, particularly given a recent slowdown in trading, and said it has met its obligations on its GBP800,000 loan notes. It said it remains confident it will signs a suitable new financing arrangement in the near future.
By Sam Unsted; [email protected]; @SamUAtAlliance
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