1st Oct 2019 18:17
(Alliance News) - Technology and media solutions firm iEnergizer Ltd on Tuesday said its first half revenue and operating profit will beat market expectations.
The company said it performed strongly during the interim period, "with a continued focus on higher margin work".
iEnergizer explained: "This growth is coming from both existing and new clients. As a result of this, revenue and operating profit are expected to be ahead of market expectations."
The company ended its first half of trading on September 30.
iEnergizer added that its shareholder EICR Cyprus Ltd recently took "soundings" to see if there was any interest in the market to buy a small portion of its holding in the London-listed firm.
iEnergizer explained: "EICR received strong institutional interest but ultimately decided not to proceed with this share sale due to adverse UK public market conditions."
Shares in iEnergizer closed 3.7% lower at 289.00 pence each in London on Tuesday.
By Eric Cunha; [email protected]
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