FIH Group profits boosted by improved margins
Specialist services outfit FIH Group expects pre-tax profits for its last trading year to have topped market expectations.
FIH Group
245.00p
16:49 26/04/24
FTSE AIM All-Share
755.28
17:14 26/04/24
Support Services
10,641.76
16:59 26/04/24
FIH told investors on Wednesday that margins at its Momart subsidiary had continued to improve during the year and noted that a provision for a potential claim, made in its March 2018 accounts, could now be released.
The board of the AIM-listed group now expects that, subject to the completion of the audit, it will be able to deliver a pre-tax profit that will "exceed market expectations by a comfortable margin".
Its fully-audited annual report and accounts are scheduld to be published in mid-June.
As of 0850 BST, FIH shares had shot up 13.07% to 320p.