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BATM sees full year 2017 revenue ahead of expectations

By BFN News | 09:20 AM | Monday 19 February, 2018


BATM Advanced Communications said it expects to report revenue for 2017 ahead of market expectations driven by growth in both its networking & cyber and Bio-Medical divisions. The company said it expects revenue for 2017 to be approximately $106m, representing year-on-year growth of roughly 17%. EBITDA is expected at $7.0m compared with $2.8m in 2016. The 2017 EBITDA is expected to include the benefit of profits on the sale of a wholly-owned building in December 2017 of approximately $5.6m. The group's full year results are slated for 5 March 2018. At 9:20am: (LON:BVC) BATM Advanced Communications Ltd share price was +1.75p at 26.25p Story provided by StockMarketWire.com

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