27th Jul 2018 10:54
LONDON (Alliance News) - Pennant International Group PLC said Friday it is "on track" to deliver annual results in line with market view as it expects half-year revenue to be 38% higher year-on-year.
Pennant said revenue for the six months to June 30 is expected at GBP13.2 million, with earnings before interest, taxes, depreciation and amortisation at GBP2.1 million.
In the same period a year ago, the company posted revenue of GBP9.6 million and pretax profit of GBP935,353.
The company said that at the end of the first half of its financial year, its contracted three-year order book stood at GBP30 million, down from a GBP41 million order book in the same period last year.
The company will post its interim results on September 24.
Pennant shares were trading up 2.2% at 92.00 pence each.
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