23rd Jun 2021 14:15
Touchstar PLC - Manchester-based supplier of mobile data computing services - Says its performance for the year to date has exceeded expectations with "encouraging trends observed" across the business. Touchstar attributes the success to favourable revenue development, an increase in margins and continued tight management of costs.
Touchstar's order book has increased by over 50% since the year end, currently standing at over GBP750,000. It is also beginning to see orders from sectors most impacted by the pandemic, it reports. Sales from long term recurring revenue contracts are improving, up 12% for the year-to-date compared to a year prior.
A strong first half performance is expected by the company when it announces its interim results in mid-September at the latest.
Current stock price: 83.50 pence, up 15% Wednesday
Year-to-date change: up 76%
By Will Paige; [email protected]
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