30th Mar 2016 08:51
LONDON (Alliance News) - Fulcrum Utility Services Ltd on Wednesday said its earnings are set to outpace market expectations for the financial year ending on Thursday.
Fulcrum, an energy and multi-utility infrastructure and services provider, said revenue for the year to the end of March will meet market expectations, helped by a robust performance across the business.
The group said it has continue to win contracts throughout the fourth quarter, including gas infrastructure projects at Royal Albert Dock in London and the Chelsea Barracks redevelopment.
Fulcrum added its underlying performance and cash generation continued to improve over the year and both earnings before interest, taxation, depreciation and amortisation and its cash position will be better than market expectations.
Fulcrum will publish its annual results on June 7.
Shares in the company were up 13% to 37.00 pence Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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