(Alliance News) - Aukett Swanke Group PLC on Friday said it expects to have turned to a small annual adjusted pretax profit as it anticipated to report record revenue.
The London-based architectural and interior design services provider said it expects revenue to have nearly doubled to GBP14 million in the financial year ended September 30, from a pretax profit of GBP7.1 million a year ago.
The company expects to have turned to a small pretax profit before acquisition-related exceptional items. For financial 2022, it had reported a pretax loss from continuing operations of GBP72,000, narrowed from GBP595,000 a year prior.
Chief Executive Officer Nick Clark said: "Looking ahead to the current financial year, we expect the enlarged group to report record revenues, with the second half performance as usual stronger than the first half. The successful sale of our freehold property would eliminate our net debt, enabling us to accelerate our smart buildings' strategy."
Aukett shares rose 8.1% to 1.00 pence each on Friday morning in London.
By Tom Budszus, Alliance News slot editor
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Aukett Swanke (AUK)