Maintel looking good

Maintel, a telecoms and data services company, has reported that trading profits for the year to December 31st are expected to be moderately ahead of market expectations.

The group has achieved robust levels of growth during the period and has seen improved profitability in its Maintenance and Network Services divisions, as well as an encouraging initial contribution from Totility.

"In addition, we have seen a solid start to 2012, with healthy new order pipelines across the group. Furthermore, the integration of Totility is progressing well and initial cross selling is proving successful," the firm said.

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"Notwithstanding the broader macroeconomic environment, we are confident in our financial outlook for the year ahead."

The share price rose 7.8% to 380p by 16:49.

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