Porta Communications saw strong second half

AIM-listed communications and marketing group Porta Communications said on Monday that trading in the second half of the year was ahead of the same period in 2016 following a strong first half.

The company expects gross profit for the year to the end of December 2017 to come in at around £33m, while adjusted earnings before interest, taxes, depreciation and amortisation are seen at around £2.5m.

This compares with gross profit of £29.7m in the year ended 31 December 2016 and headline adjusted EBITDA of £2.3m.

Porta is due to announce its full-year results in late April.

At 1240 GMT, the shares were up 9.7% to 3.40p.