Alternative Networks (AIM:AN/) – superb cash generation and a materially lifted dividend
The UK IT and communications service provider issued the now customary positive trading update, this time for the year ended 30 September 2015.
The Group’s Advanced Solutions business has performed well with total orders signed in the year 3% higher than the prior year on a like for like (proforma) basis, with growth aided by strong growth in the Systems part of the business in particular. They expect revenue growth of at least 10% in the financial year and ended the year with more than £4.0m of order backlog. Trading in Mobile Network Services was as expected, with the Group increasing market share with subscriber growth of 9% over the year against a continuing competitive market landscape. Overall, mobile revenues for the…