Spectra Systems' revenues top expectations

Authentication technology and software firm Spectra Systems told investors on Wednesday that it now expects full-year profits to exceed market expectations.

While providing only a short statement, Spectra said its increased profits were related to a combination of central bank sensor-related research funding and a strong first-half sales performance in its optical materials unit.

Chief executive Dr Nabil Lawandy said: "We are very pleased that we are able to provide a positive trading update for 2019 which is reflective of an increasing product mix which allows for sustained strong profitability."

As of 1035 BST, Spectra shares had climbed 5.82% to 131.74p.