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ldox Plc reports a 4% increase in revenue for the FY20

1 min read | November 17, 2020 01:04 PM GMT | By Team Kalkine Media
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ldox Plc (LON:IDOX) has released its trading update for the financial year ended 31 October 2020.

  • There was a 4 per cent increase in revenue for the year to £68.0 million as compared £65.5 million in 2019.
  • Adjusted profit before tax stood at £10.4million as compared to £7.7 million last year, while the statutory profit before tax was reported at £2.8 million as compared to a loss of £0.03million in 2019.
  • The company retains considerable headroom against its banking facilities comprising £35 million RCF (revolving credit facility) and £10 million accordion facility.
  • On 17 November 2020, the stocks of the company surged by 2.72% from its previous closing, hovering at around GBX 52.80 at 11:51 AM GMT+1.

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