Revenue and EBITDA
Total revenue increased by 19% to £16.5 million (2015: £13.9 million)
EBITDA increased by 20% to £3.5 million (2015: £2.9 million)
EBITDA margin increased to 21.4% (2015: 21.1%)
Managed service revenue accounted for 53% of total revenue (2015: 41%)
Managed services revenue increased by 53% to £8.8 million (2015: £5.7 million)
EPS and Dividends
Adjusted EPS increased by 12% to 11.1p (2015: 9.9p)
Interim dividend increased by 25% to 3.75p per share (2015: 3.00p)
Cash Flow and Debt
Operating cash flow before tax of £3.2 million (2015: £2.5 million)
Reported EBITDA to pre-tax cash from operating activities 98.9% (2015: 89.8%)
Net debt of £10.8 million (2015: £7.6 million), after £6.6 million acquisition payments
Acquisitions
Acquisition of Comms Group UK Limited completed in May 2016
Comms Groups UK Limited 5 month revenue contribution equating to 12% of revenue increase
Acquisition of CAT Communications Limited completed post period end in November 2016
