Victoria PLC (AIM: VCP) – dispelling the doubters with another positive update
The trading update confirmed that recent acquisitions have now been fully integrated and the associated operational synergies have resulted in improved gross profit margins, which the Board anticipates will continue to accrue into 2017. The big concern was the debt load and management have reassured in this respect with improved cash generation resulting in a material reduction in Group net debt and the net debt to EBITDA ratio since the interim results.
They remain…
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