Mears set to beat full-year expectations
Mears Group
355.00p
16:49 26/04/24
1.43%
5.00p
Mears, a prominent provider of services to the housing sector, announced a robust trading performance for the first five months of its financial year on Friday.
FTSE All-Share
4,423.59
17:14 26/04/24
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FTSE Small Cap
6,484.28
16:59 26/04/24
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Support Services
10,641.76
16:59 26/04/24
1.12%
118.01
The company said it experienced sustained growth in revenues, saw improving operating margins, and demonstrated exceptional cash performance.
As a result, Mears said it expected that its full-year profits would significantly surpass current market expectations.
“The group is scheduled to release its interim results for the six months to 30 June on Thursday 3 August,” the Mears board said in its statement.
At 0811 BST, shares in Mears Group were up 6.65% at 280.5p.
Reporting by Josh White for Sharecast.com.