8th Jun 2020 12:00
(Alliance News) - UP Global Sourcing Holdings PLC said Monday it expects underlying earnings to be ahead of current market expectations for the year to July 31.
In financial 2019, the company recorded underlying Ebitda of GBP9.9 million.
UP, or Ultimate Products, said its invoiced revenue at June 5 stood at GBP97.2 million versus GBP102.5 million for all of financial 2019.
The company's order book for the rest of financial 2020 stands at GBP10.6 million compared to GBP16.4 million the year before.
UP commented its order book has "progressed at a steady pace" in the second half.
Net bank debt at June 5 was GBP2.6 million.
Shares in UP were 14% higher at 72.00 pence in London on Monday.
By Paul McGowan; [email protected]
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