6th Mar 2019 13:44
LONDON (Alliance News) - Redhall Group PLC on Wednesday said that its revenue so far is "slightly ahead" than the same period a year ago, as it guided for its performance to be weighted towards the second half.
"The board anticipates that the full-year performance of the group will be in line with expectations," the company said at its annual general meeting held earlier on Wednesday.
Market conditions remain encouraging, the firm added, as it looks forward to a "strong pipeline of opportunities".
Redhall also announced that Martyn Everett stepped down from its role of chair on the company's board. Everett will remain on the board as an independent non-executive director.
Joe Oatley, who joined the board as senior independent director in May 2018, will be appointed as chair.
Redhall shares were trading down 4.3% at 2.25 pence each.