Malvern International sees annual revenue doubling; profits in line with expectations

Writer, Stock Market Wire
Wednesday, February 13, 2019 - 08:21

Learning and skills development group Malvern International said it expected to roughly double its annual revenues to post an overall performance in line with market expectations.

Revenue for the year through December would be in excess of £8m, the company said.

'The group expects to report a profit in line with expectations having adjusted for a number of one-off and non-recurring costs,' it added.

Net debt at the year end was around £789,500.

Turing to its outlook for 2019, Malvern said books were positive and it expected that the seasonal pattern for trading would be similar to 2018.

'Improvements in the trading of all of the group's schools are expected and as a result the directors are confident about the prospects for the group as a whole, the company said.

At 8:21am: (LON:MLVN) Malvern International Plc Ord 5p share price was 0p at 4.4p

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