LONDON (dpa-AFX) - Sepura (SEPU.L), in a trading update, said its revenues and profits for the year are expected to be ahead of market expectations and its gross margins were in line with the consensus. The group noted that increased revenue, along with tight control of operating expenses, would result in adjusted operating profits being ahead of market expectations.
The group said it expects to report revenues within a range of 103 million - 105 million euros for the period, an increase of about 25 percent over the prior year and ahead of market expectations.
After capital expenditure, payment of dividends and the share buy-back, the Company said it expects to report net cash at year-end of 6.6 million euros.
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