Construction consultancy Driver Group says that its full year profit will be better than expected.
The improvement in trading has continued into the second quarter. The benefits of restructuring in the Middle East have come through faster than anticipated. All the operations are performing towards the top end of expectations. This comes one month after Driver reported a strong recovery in the year to September 2011.
Revenues had been expected to improve to £19.5m in the year to September 2012 and profit was forecast to double to £1.1m. The shares are trading on around 12 times that estimate.
At 38.25p a share, up 4.25p, Driver is valued at £10.1m.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFFebruary2012_29.pdf
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds