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CentralNic sees first-half revenue more than doubling; trading 'comfortably' in line with expectatio

By BFN News | 08:56 AM | Monday 10 August, 2020


Internet domain names services provider CentralNic said it expected to performance 'comfortably' in line with market expectations as first-half revenue was anticipated to more than doubled year over year. For the six months ended 30 June 2020, revenue was forecast in excess of $110m and adjusted EBITDA in excess of $15m, up from $49.7m and $9.2m on-year, respectively . Cash increased to $27.6m from $24.1m as at 31 March 2020, whilst net debt decreased to $76.4m from $76.8m as at 31 March 2020. The interim report for the six months ended 30 June 2020, was expected to be published on 1 September 2020. At 8:56am: (LON:CNIC) Centralnic Group Plc share price was +2.5p at 85p Story provided by StockMarketWire.com

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