Mind Gym (AIM: MIND), the global provider of human capital and business improvement solutions, announces a trading update ahead of reporting its full year results for the twelve months ended 31 March 2019.
Reported revenue is expected to be c.14% ahead of the comparative period last year, having grown to £42.1 million. Adjusted PBT is also ahead of the prior year and is expected to be in line with expectations. Cash generation has been strong, with improvements in working capital management in the second half expected to result in a year-end cash balance of c.£8.3 million.
The Group will report its full-year results to 31 March 2019 on 25 June 2019.
Octavius Black, Chief Executive Officer of Mind Gym, commented:
“We are pleased with the Group’s overall performance in our first financial year as a listed business. Mind Gym has a distinctive proposition with proven impact which is recognised by many of the world’s largest companies. Behavioural issues remain high on the business agenda and the continued improvement in our client feedback scores gives us confidence in the continued strong demand for our products and solutions.
“We look forward to updating our stakeholders further on our performance and prospects when we announce our full year results in June.”