7th Mar 2025 06:59
Northern Bear PLC - Newcastle Upon Tyne, England-based specialist building and support services company - Says earnings before interest and tax are "likely to exceed market expectations", at between GBP3.2 million and GBP3.5 million for the financial year ending March 31. Adjusted operating profit was GBP2.6 million in financial 2024. Adds "we are hopeful of a good end to the financial year" as the order book "remains strong". Northern Bear says it has benefited from a "strong performance" in its building services division, including "continued growth" at fire protection business Isoler, attributing this to its investments in operations. Also, a "relatively mild and dry" winter has "supported trading for our roofing division, in particular".
Northern Bear also says it has decided to close its fit-out operation at H Peel & Sons and integrate the business and ongoing contracts into specialist building solutions business Arcas.
Current stock price: 56.94 pence each, closed 8.5% higher on Thursday in London
12-month change: down 5.9%
By Tom Budszus, Alliance News slot editor
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