Manx timing solutions 2016 full#
Manx timing solutions 2016 software#

'Looking ahead, we remain confident in the outlook for the group, reflected in our commitment to maintain our progressive dividend policy. Combined, these steps put us in a better place to grow Manx Telecom in the future. We launched a business designed to identify new opportunities, we commenced a Transformation Programme to reshape the Company and, finally, we have continued to invest in our infrastructure and operational systems. 'We have undertaken a number of initiatives in the year aimed at generating future growth.

Operationally it was a strong year with good take up of our broadband products mobile returning to growth in H2 and strong growth in Global Solutions offsetting the expected declines in the Data Centre business. The core business remains highly cash generative and we continue to see growth across many parts of the Company.

'2016 has been another solid year for Manx Telecom and is in line with the Board's expectations. Gary Lamb, Chief Executive Officer, said: O Upgraded CRM, billing and charging platform O Investment in mobile network for 4G roaming and LTE O Additional infrastructure for VDSL high speed broadband network Continued investment in the network and operational systems:.

Manx timing solutions 2016 software#

World's first medical technology trial to help those with hearing loss through the use of software to fine tune phone calls.O Agreement signed with China Unicom to provide connectivity for its UK mobile and roaming product O Launch of 4G roaming to our customers travelling off the Isle of Man and those visiting Good traction with international traveller market:.Launch of Transformation Programme aimed at improving competitiveness and the customer experience.O Acquisition of Partitionware in December to support development of innovative products and services Launch of Vannin Ventures, a 100% owned subsidiary to identify new business opportunities.

Manx timing solutions 2016 full#

Final dividend of 7.2p (2015: 6.9p) making 10.9p for the full year (2015: 10.4p), in line with the Company's progressive dividend policy.

Net debt at the period end of ВЈ52.4m (2015: ВЈ52.2m), maintaining net debt/EBITDA ratio of 1.9x.

Reported Profit Before Tax of ВЈ8.8m (ВЈ16.6m) Reported EBITDA at ВЈ22.7m (2015: ВЈ27.7m), primarily reflecting ВЈ4.3m costs relating to the Transformation Programme Global Solutions revenues up 10.2% year on year, driven by Strongest Signal Mobile and international traveller SIMs As anticipated, Data Centre revenues fell due to a decline in low margin kit sales and the impact of customer consolidation that occurred in H1 Mobile revenues up 0.5%, with H2 revenues up 4.5% on H1 levels Fixed Line, Broadband and Data revenues were broadly stable at ВЈ31.6m (2015: ВЈ32.0m), with good take-up of high speed broadband Manx Telecom Plc (AIM:MANX), ('Manx Telecom' or the 'Company') the leading communication solutions provider on the Isle of Man, announces its results for the year ended 31 December 2016. Results for the year ended 31 December 2016