Coms PLC (AIM:COMS) out of the recovery suite?
The provider of infrastructure and smart building solutions has announced interim results for the six months ended 31 July 2015 suggesting that there is light at the end of the tunnel following a turbulent last 18 months.
Revenue from continuing operations was £21.3m, an increase of 37% on the prior period and reflects only the performance of the Redstone and Darkside Studios businesses.
The Redstone business, which encompasses all IP based systems combining what were once disparate systems into an integrated platform, is by far the larger of these two businesses, accounting for 97% of Group revenue. Redstone reported a strong first half with revenue £20.5m up 35%.
Darkside Studios…
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