Mears set to beat full-year expectations
Mears Group
369.00p
15:39 15/11/24
-0.94%
-3.50p
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
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FTSE Small Cap
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Support Services
10,885.48
15:45 15/11/24
-0.85%
-93.62
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.