‘Business is not broken’ says NCC exec chairman
Listed cyber security firm NCC Group has reported a full year pre-tax loss of £55.3m on a group turnover of £244.5m, as its executive chairman insists that the business "is not broken".
Although group revenues were up 17% for the full year to the end of May, its losses compare to a £9.4m pre-tax profit last year.
Crucial to the overall losses were individually significant charges of £71m, including intangible asset write downs of £62m. Around £48.6m of that was accounted for by good will impairments againts recently acquir... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
