The full year (2019) outlook for the group remains unchanged, with reported underlying earnings (EBITDA) expected to be in line with market expectations, the digital marketing services group assured shareholders.
However, David Morrison, the agencys non-executive chairman, cautioned that the groups financial constraints meant that Be Heard would have to be “more innovative, more responsive and more agile” than its competitors in responding to changing client needs.
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The company has received a letter of intent (LOI) from its partner Genus Power Infrastructures for a substantial order from a new end customer.
The LOI relates to a 142,000 unit smart metering deployment for one of the largest government-owned utilities in South India. The detailed contractual terms and scope of work for the order are being agreed.