LONDON (Alliance News) - Tangent Communications PLC said Thursday that its underlying operating profit for the full-year to February 28 will be ahead of expectations, and expressed confidence for the coming year.
Tangent provides marketing platforms and services.
Revenue is expected to be in line with market expectations of GBP27 million. Underlying operating profit has increased over 20% on a like for like basis, Tangent said.
Full-year sales reached GBP9.3 million, Tangent said, up 16% over the previous year.
Tangent said that it had started its new financial year with confidence as the economy improved.
"Growth is anticipated across all of our operating businesses as we expand the range of products and services we offer," the company said in a statement.
Shares in Tangent were trading up 3.6% at 11.65 pence Thursday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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