The Mitula Group Ltd
(ASX:MUA) has announced that it is expecting its full-year revenue, in the 2016 financial year, to be around $28 million to $29 million. This is a 36% – 41% increase over the previous year.
The digital classifieds group is also expecting full year EBITDA to be between $12 million and $13 million in the last financial year – which is up 58% to 71% compare to FY15.
The company also provided guidance for FY17, forecasting its full-year revenue will be between $38 million and $41 million, and its EBITDA to be between $17 million and $19 million. However, the company says this doesn’t factor in any mergers and acquisitions which may occur throughout the year.
Mitula posted a net profit of $2.6 million at 31 December 2015.
