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RedstoneConnect

RedstoneConnect surges as it confirms "in line" performance last year

All three of the group's business divisions (Software, IT Managed Services and Systems Integration) traded strongly in the second half of the financial year.

Smart building
The company specialises in "smart building" services

RedstoneConnect PLC (LON:REDs) saw its shares surge after a brief trading update that said results for fiscal 2018 were in line with expectations.

The provider of services for “smart buildings” expects to report revenues of more than £47mln in respect of the year to 31 January 2018.

Adjusted underlying earnings (Ebitda) are expected to be around £3.2mln, and adjusted profit before tax is expected to be in the region of £2.4mln; according to information aggregator, Factset, the consensus forecast for pre-tax profit is £2.3mln.

Shares in RedstoneConnect were up almost 9% at 91.5p.


 

Quick facts: RedstoneConnect

Price: £0.00

Market: LSE
Market Cap: £0.00
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