LiteBulb Group (AIM:LBB) – update on acquisitions and trading
The branded product developer with a growing number of large retailers as clients (including Sainsbury’s, Tesco, M&S) has issued an update for the year ending 31st December 2014.
The Company expects revenues for the year to be approximately £22m, which is quite an uplift given the 6 monthly numbers to 30 June 2014 of only £4.0m. As a result, the Company anticipates reporting positive EBITDA of
over £2m in the second half against a first half EBITDA loss.
The top line was boosted by the successful acquisition and integration of two complementary companies in the form of Go Entertainment and Concept…
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