Mortice Limited announced revenue results for the Year Ended March 31, 2017. Revenue increased by approximately 35% to USD 180 million against USD 133.5 million a year ago. Net debt at the year 31 March 2017, was USD 13.6 million against USD 14.5 million a year ago.

For the year EBITDA is expected to be materially above forecasts of USD 6.7 million against USD 5.6 million in 2016, driven by the increase in revenue as well as greater cost optimization throughout Mortice. Due to the strong performance of the combined existing and acquired businesses, the financial results for the year to 31 March 2017 are expected to be materially ahead of current market expectations.