11th Mar 2019 09:37
LONDON (Alliance News) - Northern Bear PLC on Monday said it is trading ahead of expectations in the year-to-date, with profit for the full year to be in line with the prior year.
The specialist building services provider said it continued to trade well since reporting its interim results in November.
For the ten months to the end of January, the company has traded ahead of management expectations and in line with the prior year.
"While the final two months of the financial year is a key trading period for the group, the board's current expectation is that operating profit will be broadly in line with the prior year," Northern Bear said in its statement Monday. It said this expectation is before the impact of non-cash amortisation and transaction costs.
In 2017, the company's operating profit totalled GBP2.8 million.
Northern Bear shares were trading 14% lower on Monday at 65.00 pence each.
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