News blog

AdEPT Telecom

• BY: Andrew Hore |
• POSTED: 13/11/2012 |

Voice and data telecoms services provider AdEPT Telecom increased its interim dividend by 50% to 0.75p a share.

Revenues edged 2% lower to £10.9m in the six months to September 2012, while underlying profit improved from £1.57m to £1.73m. The smallest parts of the business showed strong growth. Data and broadband revenues rose 15% to £1.09m and Cloud-based revenues rose 17% to £570,000. However, they made a lower profit contribution. Fixed line services made a higher profit even though revenues were lower. Regulatory changes have reduced costs.

Net debt has been cut by £950,000 to £4.39m at the end of September 2012.

At 53.5p a share, AdEPT is valued at £11.3m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFNovember2012_38.pdf