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IN BRIEF: Kinovo expects annual results to beat expectations

2nd May 2024 14:17

Kinovo PLC - London-based provider of safety and regulatory compliance services for the property sector - Predicts results for the financial ended March 31 will top expectations. It expects GBP6.7 million in adjusted earnings before interest, tax, depreciation and amortisation, up 22% from GBP5.5 million the previous year and ahead of the company's GBP6.2 million forecast. Kinovo also anticipates GBP64 million in revenue, up 2.1% on-year from GBP62.7 million. The company says the performance reflects successful implementation of its growth strategy. Chief Executive Officer David Bullen says: "We remain focused on capitalising on further growth opportunities and maximising shareholder value creation."

Current stock price: 49.35 pence each, up 20% on Thursday afternoon in London

12-month change: up 7.3%

By Tom Budszus, Alliance News slot editor

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