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Focusrite sees annual revenue rising 15%

By BFN News | 09:46 AM | Tuesday 18 September, 2018


Music and audio products company Focusrite said it expected to post annual constant currency revenue growth of 15%, though growth had slowed in the second half. Revenue for the year through August was expected to rise to £66.1m, while profits would also rise on-year, the company said without being more specific. At 31 August, net cash was £22.8m, up from £14.2m on-year. 'We are pleased with our full year results and the operational progress the business is making,' chief executive Tim Carroll said. 'Our core categories performed well and the business has grown year over year in all major regions, albeit at a slower rate in the second half as expected.' At 9:46am: (LON:TUNE) Focusrite Plc share price was -12.5p at 435p Story provided by StockMarketWire.com

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