Brief: Kin And Carta Reports FY Statutory Operating Loss Of £19.3 Mln

Kin and Carta

02/11/2023 07:17

Nov 2 (Reuters) - Kin and Carta PLC  KCT.L :
    * KIN AND CARTA PLC  - FULL YEAR RESULTS
    * KIN AND CARTA PLC - FY NET REVENUE OF £192.0 MILLION FROM
CONTINUING OPERATIONS UP 1% YEAR-ON-YEAR
    * KIN AND CARTA PLC - FY SALES BACKLOG OF £97 MILLION UP 1%
YOY,
SALES PIPELINE OF £110 MILLION (FY22: £174 MILLION)
    * KIN AND CARTA PLC - FY ADJUSTED OPERATING PROFIT OF £18.5
MILLION (FY22: £22.4 MILLION)
    * KIN AND CARTA PLC - FY STATUTORY OPERATING LOSS OF £19.3
MILLION
(FY22: LOSS £14.1 MILLION)
    * KIN AND CARTA PLC - NEW BUSINESS REMAINS HIGHLY
COMPETITIVE IN
DX MARKET AND SALES CYCLES REMAIN CHALLENGING
    * KIN AND CARTA PLC - VOLATILITY CONTINUES IN ENTERPRISE
BUSINESS
WITH MACRO, SOCIAL AND GEOPOLITICAL DISRUPTION
    * KIN AND CARTA PLC - AS WE ENTER FY24, DESPITE VOLATILE
MARKET,
OUR BUSINESS HAS STABILISED
    * KIN AND CARTA PLC - EXPECT MODEST H1'24 GROWTH OVER H2'23
    * KIN AND CARTA PLC - WE EXPECT CONTINUED MODEST SEQUENTIAL
GROWTH
IN H2'24
    * KIN AND CARTA PLC - EXPECT FLAT TO LOW SINGLE DIGIT TOTAL
NET
REVENUE GROWTH IN FY24 COMPARED WITH FY23

Source text for Eikon:  ID:nRSB1332Sa 
Further company coverage:  KCT.L 

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