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Nasstar says FY earnings slightly ahead of expectations

By BFN News | 07:38 AM | Monday 29 January, 2018

Nasstar, a provider of cloud computing services, said its adjusted earnings for the full year were expected to be slightly ahead of management expectations. The company said it ended the year with an improved cash position of £1.0m, compared to net debt of £2.8m at the end of 2016. Group adjusted Ebitda margins expanded to around 23%, up from 20.3% in 2016 and on track to deliver against a company target of 20% to 25% of revenue by the end of 2019. Story provided by

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