12 Jun, 2019 08:53

Anexo climbs after claiming profits will outstrip expectations

Anexo Group's shares jumped on Wednesday after the company told investors that it anticipates annual profit before tax will beat current market expectations of £18.1m.

The integrated credit hire and legal services provider asserted that its profit before tax for 2019 will be at least 27% higher than the year before as it told investors that overall trading "remains strong".

Meanwhile, the AIM traded company said the integration of a new Bolton regional office for Bond Turner, Anexo's legal services division, has progressed at a faster rate than originally expected after becoming operational on 3 December 2018.

Finally, Anexo added that it will continue its strategy of actively recruiting new staff to its team of solicitors and other litigation specialists in order to process an increasing volume of cases.

Anexo Group's shares were up 10.44% at 182.22p at 0829 BST.