Gamma Communications PLC

Gamma Communications PLC (LSE: GAMA) is an FTSE AIM UK 50 Index quoted technology-based provider of communication services in Western Europe.

H1 FY23 Results (Released on 05 September 2023)

• Improved Financial Performance: The company reported the total revenue which increased by approx. 9% to GBP 256.2 mn in H1 FY23 as compared to the total revenue of GBP 234.7 mn in pcp. Also, the profit before tax improved by 13% to GBP 43.5 mn in the reported period (H1 FY23) versus the profit before tax of GBP 38.4 mn in H1 FY22.
• Dividend Declaration: The management announced an interim dividend of GBX 5.7 per share, which is 14% higher than the dividend in the previous comparable period. The dividend will be paid on 19 October 2023.
• Business Performance: The recurring revenue improved to GBP 208.7 mn which increased to 90% in H1 FY23 as compared to 89% in pcp. Also, the business was improved by the UCaaS portfolio which helped the company to clock the growth in the gross profit by 8%.
• Outlook: The management is optimistic about meeting the strategic growth objective and expects the EBITDA and Adjusted EPS to be in the top half of the range of the market expectations.

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Gamma Communications PLC (LSE: GAMA) was trading at the current market price of GBX 1,158.00 (as of 11 September 2023, 10:15 AM, GMT+1)  

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 11 September 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.

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