Reglikedomain industry desk

CentralNic notes H1 earnings propelled by acquisitions

CentralNic notes H1 earnings propelled by acquisitions

Topline up 225%; organic growth is 6%.

Domain name firm CentralNic (London AIM: CNIC) noted first-half earnings today.

Thanks to acquisitions, its top line grew by 225% compared to the first half of 2018:

Table showing CentralNic results for H1 2019, showing 225% topline growth

Its organic growth was 6%.

The big buyout was KeyDrive, which completed in August of last year.

CentralNic has completed a number of other acquisitions since then but the big ones closed following the end of the first half: TPP Wholesale, Hexonet and Ideegeo.

The firm is paying for its recent acquisitions through a €50 million bond issue.

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