Advertisement

Alternative Networks on track to meet annual forecast

Alternative Networks said it was on track to meet full-year expectations as its Advanced Solutions consultancy division saw sales rise in the second quarter.

Alternative Networks said it was on track to meet full-year expectations as its Advanced Solutions consultancy division saw sales rise in the second quarter.

The UK provider of telephony services including voice, mobile, systems and IT solutions, reported cash balances over £15m at the end of March 2013 in a trading statement Friday ahead of the company's half-year results.

Advertisement - Article continues below

Results were driven by an increase in the order book of Advanced Solutions which is expected to report a greater weighting of revenues in the second half of the year.

"The pipeline continues to grow and is at record levels, giving confidence in results for the full year," the group said.

However, network revenue was affected by competitive and regulatory pressures with a slowing of growth in mobile subscribers in the last six months.

Nonetheless, mobile subscribers increased 10% and a record number of customers renewed their contracts with Alternative.

The company reiterated its intention to pay a dividend of no less than 12.65p per share for 2013.

Advertisement
Advertisement

Recommended

Visit/investments/investment-strategy/601044/broker-safety-your-questions-answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
Visit/investments/investment-strategy/600861/how-demographics-affects-stock-valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Visit/investments/stocks-and-shares/600863/sirius-minerals-anglo-american-takeover
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Visit/investments/stockmarkets/600634/why-investors-should-be-cautiously-bullish-for-2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Visit/investments/property/601606/house-prices-crash-uk-property-prices-falling-where-next
Property

House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020
Visit/economy/inflation/601584/the-end-of-the-bond-bull-market-and-the-return-of-inflation
Inflation

The end of the bond bull market and the return of inflation

Central bank stimulus, surging post-lockdown demand and the end of the 40-year bond bull market. It all points to inflation, says John Stepek. Here’s …
30 Jun 2020
Visit/investments/stockmarkets/601611/nasdaq-all-time-high-markets-and-the-real-economy
Stockmarkets

How can markets hit new record highs when the economy is in such a mess?

Despite the world being in the midst of a global pandemic, America's Nasdaq stock index just hit an all-time high. And it's not the only index on a bu…
3 Jul 2020