SOURCE: NetDimensions (Holdings) Limited

July 25, 2016 02:00 ET

NetDimensions (Holdings) Limited Announces First Half Trading Update

HONG KONG, CHINA--(Marketwired - Jul 25, 2016) - NetDimensions (Holdings) Limited (AIM: NETD) (OTCQX: NETDY)

AIM: NETD; OTCQX: NETDY

NetDimensions (Holdings) Limited
("NetDimensions" or the "Company" or the "Group")

First Half Trading Update

NetDimensions (AIM: NETD; OTCQX: NETDY), a global provider of performance, knowledge and learning management systems, is pleased to provide a trading update for the six months ended June 30, 2016 ("the period").

Revenue for the period was broadly unchanged from the prior period and the adjusted EBITDA loss for the period was below US$1M, substantially improved on the loss in the prior period (2015 H1: US$1.8m loss) due to better management of expenses, which will also benefit the full-year EBITDA result.

Jay Shaw, Chief Executive Officer of NetDimensions, said: "First-half sales were somewhat lower than expected with delays in deal roll-outs affecting revenue growth and this looks likely to continue into the second half of the year. The Company will continue to maintain a tight focus on cost control and we would expect this to contribute to an improvement in full-year profitability."

Enquiries:

NetDimensions (Holdings) Limited   Tel: +852 2122 4500
Jay Shaw
Matthew Chaloner
   
     
Panmure Gordon (UK) Limited (Nomad & Broker)   Tel: +44 20 7886 2500
Fred Walsh    
Peter Steel    
     
Walbrook PR Ltd (Financial Public Relations)   Tel: +44 20 7933 8780
Paul Cornelius   Or netdimensions@walbrookpr.com
Sam Allen    
Helen Cresswell    

About NetDimensions
Established in 1999, NetDimensions (AIM: NETD; OTCQX: NETDY) is a global provider of performance, knowledge and learning management solutions.

NetDimensions provides companies, government agencies and other organizations with talent management solutions to personalize learning, share knowledge, enhance performance, foster collaboration and manage compliance programs for employees, customers, partners and suppliers.

Recognized as one of the talent management industry's top-rated technology suppliers, NetDimensions has been chosen by leading organizations worldwide including ING, Cathay Pacific, Chicago Police Department, Geely Automotive, Fugro Group and Fresenius Medical Care. NetDimensions is ISO 9001 certified and NetDimensions hosted services are ISO 27001 certified.

For more information, visit www.NetDimensions.com or follow @netdimensions on Twitter.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

This information is provided by RNS
The company news service from the London Stock Exchange

Contact Information

  • Enquiries:

    NetDimensions (Holdings) Limited
    Jay Shaw
    Matthew Chaloner
    Tel: +852 2122 4500

    Panmure Gordon (UK) Limited (Nomad & Broker)
    Fred Walsh
    Peter Steel
    Tel: +44 20 7886 2500

    Walbrook PR Ltd (Financial Public Relations)
    Paul Cornelius
    Sam Allen
    Helen Cresswell
    Tel: +44 20 7933 8780
    Or netdimensions@walbrookpr.com