First quarter trading at Somero Enterprises Inc has been significantly ahead of expectations and full year revenues could be 15% better than expected.
Mild winter weather and an upturn in demand are behind the improvement. Part sales are also strong.
In 2011, revenues rose 4% to $21.9m. The loss was $2.3m. Net debt was $4.67m at the end of 2011.
At 16p a share, up 2.12p, Somero is valued at £9.03m.
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