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(Alliance News) - Shares rose in Empresaria Group PLC on Tuesday on expectations that its annual pretax profit will be "materially" ahead of market forecasts.
Shares in the Crawley, West Sussex-based specialist staffing firm were 13% higher at 77.67 pence on Tuesday in London.
Empresaria said that it has continued to deliver a strong trading performance across several sectors in the final quarter of 2021 to date, keeping up the momentum seen over the second half of the year.
In late October, the group had said it expected net fee income for 2021 to be between GBP57 million and GBP59 million, while adjusted pretax profit was set to range from GBP7.4 million from GBP7.9 million, a 9% to 16% beat to market consensus at the time.
In 2020, Empresaria's pretax loss was GBP2.0 million, while on an adjusted basis, pretax profit came up to GBP5.2 million. This was on GBP54.0 million in net fee income.
Empresaria will post a more detailed trading update on January 27.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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