25th Mar 2019 10:24
LONDON (Alliance News) - iEnergizer Ltd on Monday said it expects to report its operating profit "significantly" ahead of market expectations.
The stock was trading 26% higher on Monday at 154.00 pence a share.
The outsourcing company said it also expects its revenue for the year to the end of March to beat market forecast.
iEnergizer noted that it has performed strongly in the second half of its current financial year with a continued focus on higher margin work. The earnings growth came from both existing and new clients in new sectors.
"We are pleased to report that the company expects revenues and operating profit to be ahead of market expectations due to significant progress being made by colleagues across the company to focus on the recurring high margin revenue streams," said Chair Marc Vassanelli.
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