Brief: Avingtrans Plc H1 Adj EBITDA Rises 11.4% To 6.4 Mln Stg

Avingtrans

22/02/2023 07:21

Feb 22 (Reuters) - Avingtrans PLC  AVG.L :
    * H1 ADJUSTED EBITDA 6.4 MILLION STG
    * HY GROUP REVENUE INCREASED TO £50.0M (2022 H1: £44.5M) IN
LINE
WITH MANAGEMENT EXPECTATIONS
    * HY ADJUSTED.EBITDA MARGIN 12.8% (2022 H1: 12.9%)
    * HY ADJUSTED.EBITDA INCREASED BY 11.4% TO £6.4M, AS A
RESULT OF
HIGHER REVENUES (2022 H1: £5.7M)
    * INTERIM DIVIDEND OF 1.7 PENCE PER SHARE (2022 H1: 1.6
PENCE)
    * STRONG ORDER INTAKE,TIMING OF CONTRACT REVENUE RECOGNITION
HAS
PROVIDED MANAGEMENT WITH GOOD VISIBILITY OVER H2 2023 REVENUE
AND PROFITS

Source text for Eikon:  ID:nRSV6166Qa 
Further company coverage:  AVG.L 
 ((Reuters.Briefs@thomsonreuters.com;;))