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Investegate |Cordel Group PLC Announcements | Cordel Group PLC: Annual Report and Notice of AGM

Investegate |Maestrano Group PLC Announcements | Maestrano Group PLC: Half-year Report

  · Total revenue up 128% in reported currency and 126% at constant currency.  This increase reflects the strong business growth from Airsight (acquired 1 November 2019).   · Total expenses increased by 37% (36% at constant currency) as the Company invested in additional engineers and sales staff, particularly in the USA, in response to the large-scale opportunities apparent to the board and management.   · Underlying EBITDA before exceptional one-off items was a loss of £681K, a 6% improvement, driven by the increase in expenses being balanced by increased revenue. It should be noted that H1 2019 expenses and EBITDA have been adjusted following a change in the accounting recognition of the research and development rebate from November 2019 to June 2019.

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