23rd Dec 2016 08:39
LONDON (Alliance News) - Software and services company NetDimensions (Holdings) Ltd on Friday said it anticipates sales will be higher year-on-year in 2016, and it will swing to an adjusted profit.
The learning management systems provider said it expects sales revenue for the year to the end of December to be in excess of USD26.0 million, ahead of the USD25.4 million it reported a year prior.
It anticipates adjusted earnings before interest, tax, depreciation and amortisation will be around USD2.0 million, swinging from a USD500,000 loss in 2015.
In October, NetDimensions said it had received a possible takeover approach, and on Friday it said these talks are ongoing, with further announcements to come in due course.
Shares in NetDimensions were up 8.4% to 72.62 pence on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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