Alternative Networks plc - InterimTrading Statement
Alternative Networks plc (AIM:AN.) the UK business IT and communications service provider, today issued the following trading update for the half year ended 31 March 2015.
It was a typically solid interim trading update, revealing performance in line with unchanged expectations, and strong cash generation. Advanced Solutions enjoyed the strength of its recurring revenue, with 10% growth in reported revenue, and order backlog which continued to grow even from the record levels of September 2014. Mobile was ahead of expectations, winning market share with subscriber growth of 11% (annualised). Fixed Line was in line with expectations, and increasingly less material at less than 20% of group revenue. Highlights of the first half of the year were: Strong performance in Advanced Solutions with good growth in…