30th Apr 2018 14:39
LONDON (Alliance News) - Xafinity PLC said Monday it expects full-year results to be in line with expectations after it continued to see "good momentum" in the second half of the year.
For the year ended March, the advisory and compliance services provider said it continued to see "good momentum" in its new business activities during the second half of the year.
Its integration of the actuarial consulting, pensions administration and investment consulting business of Punter Southall Group Ltd had "advanced well" and the enlarged group had been a "positive" reaction from both clients and employees.
In December, Xafinity agreed to buy the units from Punter Southall for up to GBP153.0 million.
As well as trading in line with expectations for the full year, Xafinity said it was "well positioned" for future growth.
Full year results will be announced on June 28.
For the year ended March 2017, Xafinity generated a GBP13.2 million pretax loss on revenue of GBP52.0 million.
Shares in Xafinity were 2.3% higher at 182.00 pence on Monday.