logo-loader
viewCloudbuy PLC

CloudBuy chairman expects ‘big step-change upwards’ in revenues

Ronald Duncan, the chairman of cloudBuy (LON:CBUY), says the e-procurement group has not yet recognised the heavy investment made this year, which is reflected in its full-year results.

The company’s financial figures for 2014 show a 29% decline in turnover to £2.1mln and a wider pre-tax loss of £4.6mln. However, Duncan insists there is a big step-change upwards coming in the revenues as new projects launch. Hong Kong, Singapore and India are three big marketplaces where cloudBuy is launching shortly, Duncan adds.

Quick facts: Cloudbuy PLC

Price: 2.15 GBX

AIM:CBUY
Market: AIM
Market Cap: £2.8 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Cloudbuy PLC named herein, including the promotion by the Company of Cloudbuy PLC in any Content on the Site, the Company receives from said...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Cloudbuy focused on core products and eyeing profitability after £3.4mln...

David Gibbon, CFO and COO for Cloudbuy PLC (LON:CBUY) caught up with Proactive's Andrew Scott to give some extra detail around their recent £3.4mln raise. Long-term backer and former Morgan Stanley managing director Roberto Sella has agreed to subscribe for up to £3.4mln worth of...

on 12/12/17

2 min read