23rd May 2018 14:33
LONDON (Alliance News) - Shares rose in Norish PLC on Wednesday as it said at its general meeting that is it on track for a year of strong profit growth in 2018 following the first four months of trading.
Shares in the warehousing and logistics business rose 13% at 84.96 pence on Wednesday.
Norish's Cold Store division saw profits rise by 30% over the same period the year before, along with the Sourcing division performing in line with expectations and the Dairy division making progress operationally and strategically.
"2017 was a year of considerable progress for the company. At the time of the publication of full year results, in March 2018, I said that I anticipated another year of strong profit growth in 2018. I am happy to report that, after four months of trading, this remains the case," said Chairman Ted O'Neill.
Related Shares:
NSH.L