12th May 2021 16:00
React Group PLC - South Derbyshire, England-based cleaning, hygiene and decontamination firm - Delighted with integration of recent acquisition Fidelis Contract Services Ltd, which has been immediately earnings enhancing for the company.
For the year ended March 31, Fidelis has generated revenue of GBP4.9 million, up 48% year-on-year, and a 45% rise in gross profit at GBP1.2 million.
Earlier this year, React announced the acquisition of Fidelis for GBP4.8 million in cash and shares.
Current stock price: 3.70 pence, up 7.3%
Year-to-date change: up sharply from 1.33p
By Dayo Laniyan; [email protected]
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