Towergate records £16.7m EBITDA in first half; revenue falls 7%
Towergate's profits before amortisation, interest and tax climbed to £16.7m in the first half of 2016 compared to a loss of £14.7m in H1 2015.
Towergate said its underlying profitablity fell £8.2m to £40.3m (H1 2015 £48.5m) in the period with an expectation of over £90m adjusted EBITDA for the medium term. The largest fall in adjusted EBITDA
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