Mainstream Group Holdings Ltd reconfirmed upside momentum

On track to deliver approximately 40% growth on FY17 in 2018: Mainstream Group Holdings Ltd.’s (ASX: MAI) stock surged 11.41% on June 29, 2018. The company has recently reconfirmed the FY 18 guidance for the revenue and EBITDA. The company expects to deliver revenue of approximately $41.5 million and EBITDA of approximately $6.0 million for FY18, which is approximately 40% growth on FY 17. However, the forecast is subject to a number of key variables, that includes the audit review. Moreover, for FY 19, MAI expects the revenue to be in the range of approximately $50 million to $55 million and EBITDA is expected to be in the range of approximately $7.5 million to $9.0 million. Therefore, the company has strong outlook for FY 19 as well. MAI continues to invest in automation and global service delivery for the clients. Therefore, MAI stock has risen 16.41% in three months as on June 28, 2018.


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