StockMarketWire.com - Communications services provider Maintel Holdings warned its revenue and earnings in the second half would be lower than previously expected, partly due to project delays.

Ebitda for the full year was now expected at between £12.0m and £12.5m, compared to last year's £10.9m.

Maintel said a backlog of project work expected to boost second-half revenue didn't come through because some projects had been delayed.

The company said it had also been affected a significant shift in mix away from short-term projects, where revenue and earnings could be quickly recognised, to longer-term recurring revenue.

'It is the board's intention for the full year 2018 dividend to again grow year on year, in line with existing guidance,' the company added.


At 9:30am: [LON:MAI] Maintel Holdings PLC share price was -150p at 455p



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