5th Nov 2019 12:06
(Alliance News) - Best of the Best PLC on Tuesday expressed confidence for the year ahead as it anticipates its profit to come in ahead of market expectations in its financial 2020.
The online organiser of weekly competitions to win cars and other lifestyle prizes said trading in the six months to Thursday last week has been "encouraging", with pretax profit for its financial 2020 expected to be ahead of market forecasts.
Best of the Best explained that this is largely attributable to the continued "strong" performance of its online strategy and move away from physical locations.
Looking ahead, the company said it remains confident about its prospects in the year ahead and its "pure" online strategy.
Best of the Best will report its half-year results for the six months to the end of October on January 30 next year.
The stock was trading 3.5% higher in London on Tuesday at 295.00 pence a share.
By Evelina Grecenko; [email protected]
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