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RiverFort Global Opportunities PLC (RGO) noted a significant increase in Smarttech247 Group plc's share price this week. Smarttech247 had previously published results for the year to 31 July 2023 on 29 January 2024, reporting 20% revenue growth, 36% adjusted EBITDA growth, and over €6 million in cash at period end. Smarttech247 also continues to win new contracts and is progressing new product development.
| Date | 7 Feb 2024 |
| Time | 10:03:55 |
| Category | Miscellaneous |
| ID | 3369C |
7 February 2024
RiverFort Global Opportunities plc
("RGO" or the "Company")
Trading Update - Smarttech247 Group plc ("Smarttech247")
RGO is pleased to note the significant increase in Smarttech247's share price this week.
As previously announced, Smarttech247 published its results for the year to 31 July 2023 on 29 January 2024, which highlighted revenue growth of 20% and adjusted EBITDA growth of 36%, and with over €6 million in cash at the period end. It has also continued to win a number of new contracts and is progressing the further the development of new products.
Philip Haydn Slater, Chairman, said:
"We are very pleased with Smarttech247's recent financial performance and to see that it is well funded and positioned for future growth in an exciting and important sector. We wish the company continued success."
Enquiries:
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RGO plc Philip Haydn Slater, Chairman Nicholas Lee, Director |
Tel: +44 (0) 20 3368 8978 |
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