Coms plc (AIM:COMS) – results are a mess but is there light on the horizon?
For the year ending 31st January 2015 (these results have taken a while to be issued, no doubt due to the impairments) revenue grew 228% to £46.0m (2014: £14.0m) reflecting acquisitions and a full year of contribution from Redstone. Unfortunately this resulted in a whopping loss of £15.1m (2014: profit of £1.0m) due largely to significant impairments of approx. £10m relating to the Telephony Services division, which has now been disposed of.
The Loss…
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