Nasstar PLC (LON:NASA) is confident that the 2017’s full year results will be in line with market expectations.
“Trading in the first half of the year has been positive as we start to see the benefits of our "Nasstar 10-19" programme come through,” said the cloud computing group.
"Nasstar 10-19" is a plan to increase underlying profit [EBITDA] margins from 20% to 25% of revenue by the end of 2019 and concentrate the strategic focus.
Part of the plan is to boost its onw product range and nConduit, an application that integrates multiple telephony platforms with a wide range of customer-based solutions, was launche din the first half.
Three of its seven UK data centres will also close before the end of the year, with Nasstar having already shifted all out of hours support to New Zealand.
Net debt at the end of the half year was in line with expectations at £1mln, from £2.8mln at the end of December.
House broker finncap reiterated its target price of 13p.
Shares rose 0.25p to 9.25p.
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