ADES International Holding Plc reports a 169% YoY growth in revenue for 9MFY19

  • Nov 29, 2019 GMT
  • Team Kalkine
  • ADES International Holding Plc (LON: ADES) has released updates on its performance over the third quarter and nine months to 30 September 2019.
  • The revenue for YTD 2019 was of US$ 341.7 million, a year on year increase of 169 per cent.
  • Revenue for Q3 2019 stood at US$ 121.8 million, representing a 157 per cent as compared to Q3 2018.
  • The company reported that the profit margins remained in line with those of 1H2019.
  • Cash and Cash Equivalents recorded US$ 112 million as of 30 September 2019 as compared to US$ 130 million in FY2018.

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