The CyanConnode interim results show strong sales growth as momentum, notably in India, takes hold. India now sees tenders for over 220m smart meters sanctioned to date creating a significant opportunity for CyanConnode where it is already a major player. Costs have risen to meet this potential demand but the company is moving towards profitability and cash collection is strong. The company itself expects full year results to meet market expectations.
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19 Dec 2023
CyanConnode- Interims See Sales Quadruple
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CyanConnode- Interims See Sales Quadruple
CyanConnode Holdings plc (CYAN:LON) | 7.8 0 0.0% | Mkt Cap: 23.5m
- Published:
19 Dec 2023 -
Author:
Adam Forsyth -
Pages:
6 -
The CyanConnode interim results show strong sales growth as momentum, notably in India, takes hold. India now sees tenders for over 220m smart meters sanctioned to date creating a significant opportunity for CyanConnode where it is already a major player. Costs have risen to meet this potential demand but the company is moving towards profitability and cash collection is strong. The company itself expects full year results to meet market expectations.