K3 Capital flags bumper first half ahead of interim results

Business and company sales specialist K3 Capital updated the market on its trading on Monday, ahead of its interim results for the six months to 30 November, due to be announced on 16 January.

The AIM-traded firm said the interim results would demonstrate a continuation of its “strong” performance across all three divisions, with significant uplifts from the comparable prior year period.

It also reported that the group would record revenue of approximately £7.5m - an increase of 34% compared to the first half of the 2017 financial year - and EBITDA of approximately £3.3m - a 27% uplift.

Both revenue and EBITDA figures were said to be “comfortably” in line with market expectations for the full year to 31 May 2018.

The board said it remained committed to paying a progressive dividend to shareholders, and accordingly would declare a dividend payment in the interim results in January.

“I am delighted to report on what has been a strong six months for K3, comfortably in line with market expectations,” said K3 chief executive John Rigby.

“The group's three brands continue to gain recognition and market share within their fields, and we are pursuing our stated strategy of increasing the average deal size across the company.

“The group is encouraged by the significant pipeline and we remain optimistic that we will continue to deliver growth against our core KPIs over the coming six months and beyond.”