LONDON (Alliance News) - Filta Group Holdings PLC on Thursday said it expects to report an increase in its annual revenue, while earnings will be in line with the firm's expectations.
For 2018 the firm, which provides fryer management and other services to commercial kitchens, expects to post revenue of GBP14.0 million, up by GBP2.5 million on last year's GBP11.5 million.
"We expect to report improved gross margins at approximately 50% across the group and that earnings before interest, taxes, depreciation and amortisation and net profit will be in line with expectations," Filta said.
The company said it "enjoyed good growth" in all of its continuing businesses and entered the new year with a strong pipeline of prospective franchisees.
Filta will publish its annual results on April 15. Shares were trading up 1.7% at 234.88 pence each on Thursday.