27th Apr 2015 07:23
LONDON (Alliance News) - Motor support services company Redde PLC Monday said trading in the third quarter of its financial year remained strong, with operating profit ahead of its expectations.
The company, which provides accident management, fleet management and legal services, said cash collections in the quarter to the end of March were strong and its statutory debtor days fell to 104 days at the end of the quarter, down from 108 days at the end of December and from 116 days a year earlier.
The group said strong trading in its third quarter meant operating profit in the quarter was ahead of its expectations, without providing any figures.
Shares in Redde were up 1.4% to 124.00 pence on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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