Gentrack’s Revenue Affected by Loss of UK Customers

  • May 29, 2020 NZST
  • Team Kalkine
Gentrack’s Revenue Affected by Loss of UK Customers

For the half year ended 31 March 2020, Gentrack Group Limited (NZX:GTK) reported total revenue of $50.6 million down by 7% on 1HFY19. This reflects the loss of a number of UK customers due to supplier failure or acquisition, and a drop in non-recurring revenue in the UK and Australia.

  • Committed recurring revenue was up by 11% to $29.7 million;
  • Underlying EBITDA stood at $4.3 million, in line with guidance provided in February;
  • Statutory NPAT (loss) stood at $12.8 million, due to which the company has decided not to pay interim dividend.

 


Disclaimer
The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.

 

   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK