News blog
cScape Group
- BY: Andrew Hore |
- POSTED: 02/03/2011 |
Internet services and hosting provider CScape Group has reiterated that it expects to return to profitability in the six months to December 2010.
A rise in the share price forced cScape to put out the announcement. The shares rose 46.5p to 165p, valuing the company at £2.46m. At one point during the day the share price hit 193p.
There are plans to enhance profitability through “strategic corporate activity”.
The interim results will be released before the end of March.
Keith Young, the chairman of cScape, bought 673 shares at 72p each in January. Young owns 66.9% of cScape.
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