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Nasstar confident FY expectations will be met

By BFN News | 07:41 AM | Monday 14 July, 2014


Nasstar said trading in the first half of the year gives the Board confidence that its 2014 full year expectations for the Group will be met. Highlights of the first half of the financial year are: - Good progress on the integration of Nasstar (UK) Limited ("Nasstar UK") and e-know.net Limited ("e-know.net"), with cost and revenue synergies being achieved. - Datacentre consolidation executed as planned, reducing data centre numbers down to four from six by the end of May 2014. - Focus on restructuring Nasstar UK, transforming the business from loss making to sustainable profit making with its first positive monthly EBITDA achieved in June 2014. - e-know.net's continued focus on the vertical markets of Legal, Recruitment and Finance has generated business and profitability in line with expectations. -New contract wins included a key strategic client win for e-know.net, which secured a new five year contract to supply hosted desktops, a wide area network and local support services to Wiggin LLP, a 110 user law firm with locations in Cheltenham, London and Brussels. Story provided by StockMarketWire.com

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