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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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.
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
