Regenersis eyes expansion opportunities

Consumer electronics repair specialist Regenersis rose after it reported strong figures and was bullish in its outlook.

Group revenue rose by 13% to £139.9m in the year to the end of June, with operating profit up 24% to £7.8m.

The firm now intends to recommence paying a dividend to shareholders, announcing a final dividend of 1.1p per ordinary share to be paid n December.

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It added that the company was trading in line with market expectations and opportunities for global growth, both organically and by acquisition, remained good.

"Our markets and specific client contracts continue to show growth and present regular opportunities to win significant new business," said Chairman Matthew Peacock.

"The board continues to target double digit revenue growth on steadily improving operating profit margins and, given good return on capital employed, expects to continue its R&D and capital expenditure programme."

Shares were up over 10% at 1030 on Tuesday.