Bussiness
Calnex Solutions falls into the red but expects to return to growth
Hello and welcome to our daily digest of business, financial and economic news from around Scotland.
1. Calnex Solutions, the telecoms, cloud computing and data centre testing firm, has fallen into the red
Tommy Cook, the chief executive of Calnex Solutions, expects a return to growth in the current financial year
PETER DEVLIN/CALNEX
The Aim-listed business booked a £384,000 pre-tax loss in the 12 months to March this year, compared with a £7.2 million profit in the 12 months to March 2023.
Revenue fell by 41 per cent to £16.3 million, with one of the main reasons being the deferral of spending by its telecoms customers. The company maintained its dividend at 0.93 pence per share.
Tommy Cook, the founder and chief executive, said he expected a return to growth in the current financial year.
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