8th Feb 2016 08:36
LONDON (Alliance News) - Shares in Spectra Systems Corp were up 19% Monday morning after the company said it is likely to report a 2015 profit "significantly in excess of market expectations".
The company, which makes high-speed banknote authentication and brand protection technologies, said this was due it becoming clear that the margin it had achieved on a hardware sensor contract was higher than predicted, together with an increase in materials sales in late 2015.
Spectra Systems said it anticipates its 2016 performance will be in line with market expectations.
Shares in Spectra were up 19% at 23.00 pence Monday morning, shortly after market open.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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Related Shares:
Spectra (unres)