6th Dec 2018 10:54
LONDON (Alliance News) - Replacement vehicles provider Anexo Group PLC said on Thursday its expects profit for 2018 to be ahead of current market expectations.
Following its listing to AIM in June, the company has traded strongly to date. In addition, Anexo said it is confident for 2019, but will not raise its current expectations for the year.
In addition, Anexo's regional office in Bolton for its legal services division Bond Turner became operational with effect on Monday. The office will house a team of solicitors, litigation specialists and specialist credit hire litigators.
"We are delighted to be able to update the market today on the strong progress that the group has made since our successful flotation in June. Importantly, the expansion of Bond Turner and the new regional office will allow us to not only process our existing cases at a faster rate but also to take on more cases, which we believe will have a positive financial impact for the Group going forward," said Executive Chairman Alan Sellers.
"We look forward to updating the market further when we issue our full year pre-close trading update in late January 2019," Sellers added.
Shares in Anexo Group were up 7.6% at 127.00 pence on Thursday.
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