GBST: Interim result 2016

GBST's half-year profit came in near the top of its lowered guidance range, but investors are clearly worried about the full year.

After all the drama late last year, the investment case for GBST was never going to be about the first half. In the event, underlying earnings before interest tax, depreciation and amortisation (EBITDA) came in at $8.5m, towards the upper end of the lowered $7m–9m guidance. That’s what you’d expect for a target set more than half-way through the period.

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