Mortice Limited Announces Revenue Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the Year Ended March 31, 2017
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.