Turnaround strategy bearing fruit for software specialist

Adalsteinn Valdimarsson
Manchester-based software specialist K3 Business Technology Group is in a strong trading position following a transformation strategy that was launched by a new management team two years ago.Announcing full year results to November 30, 2018, the business revealed it has returned to underlying profitability, and broke even on a reported pre-tax basis.Net debt at the year end also decreased by 86% to £600,000 from £4.3m.Today's figures show revenues of £83.3m for the 12 months, compared with £118.2m, which covered a 17 m... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...