Australian IT company, the ASG Group
(ASX:ASZ) says it had strong operating results for the 2016 financial year.
The company says revenue was at the upper end of its forecast of $185 - $190 million.
ASG also says that net debt was expected to be $5 million, but it turned out to be lower – at less than $3 million.
Also, ASG’s EBIDTDA margin was above the forecast of 14%.
The company will release its final, audited financial year results on 17 August.
ASG reported a net profit of $5.56 million at 31 December 2015.
