No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Data and telecommunications technology firm BATM Advanced Communications said on Monday that interim revenues were broadly flat despite reporting "substantial growth" in its cyber unit.
BATM said interim revenues came to $60.0m, unchanged from the same time a year earlier, even as its cyber division experienced "significant growth" on both the top and bottom lines, principally driven by the fulfilment of backorders.
The London-listed group said underlying earnings moved higher during the period, growing from $3.0m in the first six months of FY23 to $4.0m in H124.
Chief executive Moti Nagar said: "The first half of 2024 was characterised by the continued implementation of operational changes in line with our renewed strategy whilst delivering increased profits.
"We have made significant progress in aligning our business with the new strategic vision that we set out last year, which the board feel will, and has, added substantial value to our core networking, cyber and diagnostics divisions."
As of 1030 BST, BATM shares were down 4.08% at 19.76p.
Reporting by Iain Gilbert at Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.