LONDON (Alliance News) - Fulcrum Utility Services Ltd reported Thursday it expects annual revenue and profit to both be ahead of the year prior, as it noted the sharp fall in its share price in recent days.
Shares in the utility infrastructure firm have fallen more than 20% since early Tuesday, being down 8.3% at 33.00 pence on Thursday.
On Thursday, Fulcrum confirmed that it was due to deliver a trading update for the financial year ending March 2019 "as usual" on Thursday next week.
Ahead of this, the firm explained it anticipates revenue to grow to around GBP57.0 million from GBP44.6 million the year prior. Similarly, adjusted earnings before interest, taxes, depreciation and amortisation is expected to be approximately GBP11.0 million, up from GBP8.4 million the year before.