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Nasstar 'maturing as a business' and seeing the benefits of strategic plan

Published: 01:04 02 May 2018 AEST

Nigel Redwood, chief executive of Nasstar Plc (LON:NASA), tells Proactive Investors they narrowed losses and improved margins in their 2017 full-year results as the company's “Nasstar 10-19” strategy began to bear fruit.

The IT services provider reported an adjusted profit before tax for the period of £3.5mln - compared to £1.9mln for 2016.

The group also saw margins on its adjusted underlying earnings (EBITDA) increase to 23% from 20% the year before, while it ended the year with net cash of £1mln, ahead of expectations and up from a net debt of £2.8mln previously.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

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