20th Sep 2018 09:54
LONDON (Alliance News) - Shares in Northern Bear PLC jumped on Thursday after the company said it expects its results for the first half to show operating profit ahead of last year.
Shares in the building services provider were trading up 7.8% at 79.20 pence each.
The company said that, having "sufficient visibility" of its results for the six months to September 30, operating profit is expected to be ahead year-on-year.
A year ago operating profit stood at GBP1.6 million on revenue of GBP27.2 million.
"The group continues to hold a significant order book and we are optimistic for continued strong trading in the second half of the financial year ending March 31 2019," the company added.
Northern Bear will publish its interim results in mid-November.
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