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Ideagen revenues up

By BFN News | 07:26 AM | Monday 07 November, 2016


Ideagen expects revenue and adjusted EBITDA for the six months to the end of October to show a significant increase over the corresponding period last year. Ideagen says this is through a combination of organic growth and the acquisition of Covalent. The group expects to report organic revenue growth of approximately 16% together with a small contribution from Covalent which was acquired in August 2016. The integration of Covalent is now complete and the company expects an increased level of contribution in the second half. Consequently, the company continues to trade in line with market expectations for the full year to 30 April 2017. Story provided by StockMarketWire.com

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