Aconex strengthens balance sheet

Company News

Aconex Limited (ASX:ACX) has reported a recovery in its balance sheet in its full year results to June 30.
 
The cloud platform provider increased its revenue by 24 per cent to $82.4 million and tripled its international revenues. 
 
The company also reduced the size of its net loss to $2.5 million, compared to $8.1 million last year.
 
Aconex is forecasting a return to profit in the first half of FY2016 of between $2.9 million to $3.9 million. 
 
The company will not be paying any dividends. 

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