Business
Replacement: Interim results
Replacement: Interim results.
About this update from Maintel Holdings Plc
[{"type":"text","content":"\n\n\n \n \n \n \n \nThe following amendment has been made to the 'Interim results for the six months ended 30 June 2023' announcement released on 19 September 2023 at 07:00 under RNS No 8342M.\n \nThe comparative figures stated under the \"Consolidated statement of financial position balance sheet\" for 31 December 2022 (Audited) previously referenced figures for the 30 June 2022 and have now been updated to state figures for 31 December 2022.\n \nAll other details remain unchanged.\n \nThe full amended text is shown below.\n \nMaintel Holdings Plc\n(\"Maintel\", the \"Company\" or the \"Group\")\n \n \nInterim results for the six months to 30 June 2023\n \n \nProject delivery delays unwind in the first half of 2023, business transformation accelerates.\n \n \nMaintel Holdings Plc, a leading provider of cloud and managed communication services, is pleased to announce its unaudited interim results for the six months to 30 June 2023. \n \n \nKey Financial Information\n\n\n\n\nUnaudited results for 6 months ended 30 June:\n\n\n 2023\n\n\n 2022\n\n\n Increase/ (decrease)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGroup revenue (£'m)\n\n\n47.5\n\n\n46.7\n\n\n1.7%\n\n\n\n\nGross profit (£'m)\n\n\n16.0\n\n\n15.3\n\n\n4.6%\n\n\n\n\nAdjusted EBITDA\n\n\n3.7\n\n\n3.6\n\n\n2.8%\n\n\n\n\n(Loss)before tax (£'m)\n\n\n(2.9)\n\n\n(0.5)\n\n\n480.0%\n\n\n\n\nAdjusted profit before tax [4] (£'m)\n\n\n2.0\n\n\n2.4\n\n\n(20.8)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBasic (loss)/ earnings per share (p)\n\n\n(19.1)\n\n\n(1.8)\n\n\n(961.1)%\n\n\n\n\nAdjusted earnings per share [2] (p)\n\n\n2.6\n\n\n11.1\n\n\n(76.6)%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet cash debt[3] (£'m)\n\n\n21.4\n\n\n19.4\n\n\n10.3%\n\n\n\n\nContracted cloud seats\n\n\n181,000\n\n\n160,000\n\n\n13.1%\n\n\n\n\n \n \n \nHighlights\n \n· Group revenue was £47.5m, up 1.7% (2022: £46.7m) with recurring revenue representing 75.1% of total revenue (2022: 73.7%).\n· Revenue has increased year-on-year following the easing of supply chain shortages and the continued successful unwinding of our contracted order book built up during 2022.\n· Significant progress in imp...