Nigel Redwood, chief executive of Nasstar Plc (LON:NASA), tells Proactive Investors they narrowed losses and improved margins in their 2017 full-year results as the company's "Nasstar 10-19" strategy began to bear fruit.
The IT services provider reported an adjusted profit before tax for the period of ?3.5mln - compared to ?1.9mln for 2016.
The group also saw margins on its adjusted underlying earnings (EBITDA) increase to 23% from 20% the year before, while it ended the year with net cash of ?1mln, ahead of expectations and up from a net debt of ?2.8mln previously.
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