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IN BRIEF: UP Global Sourcing shares rise on expected earnings hike

23rd Aug 2021 12:44

UP Global Sourcing Holdings PLC - Oldham, Greater Manchester-based consumer brands owner - Says underlying pretax profit for the year to July 31 rose 37% to GBP11.2 million from GBP8.2 million, ahead of a market consensus of GBP10.8 million. Revenue rises 18% to GBP136.4 million from GBP115.7 million. Looking ahead, says its financial 2022 order book for the core business, excluding the effect of the recent Salter acquisition, is ahead of this time last year. Notes current trading is in line with expectations.

Current stock price: 225.00 pence, up 6.4% on Monday

Year-to-date change: up 87%

By Eric Cunha; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


Related Shares:

Up Global
FTSE 100 Latest
Value8,809.74
Change53.53