Plus 500 Ltd PLUS has again, after a strong second quarter, performed strongly in the first half and materially increased its expectations for the Group’s financial performance for the year to the end of December. What it describes as geopolitical events particularly with regard to US import tariffs have resulted in higher than expected levels of market volatility, resulting in the strong second quarter.
Meggitt MGGT Trading in quarter two has been stronger than expected with good growth across its Civil aftermarket and the military and energy markets. Organic revenue growth for the year in Military is now expected to between 6% – 8%, up from 3-5%whilst total oganic revenue growth is expected to rise to between 4 -6% instead of 2-4%
Trakm8 Holdings plc TRAK reports very strong progress during the year to the end of March with revenue up by 12% and profit before tax by 69%. However revenue and profit for the first half of the current year are expected to be below those for the first half of 2018 the second half figures will be considerably better than last year leading to higher figures for the full year.
Kromek Group KMK had another good year of growth in the 12 months to the 30th April,with revenue rising by 32% and the loss before tax falling from £3.8m to £2.5m. The customer base was developed and becoming EBITDA positive for the first time, making it a milestone year on the way to reaching cash flow break even and pre-tax profits.. The momentum has continued into the current financial year