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Enfis Group

  • BY: Andrew Hore |
  • POSTED: 09/01/2009 |

A positive trading statement led to a 47% increase in the Enfis Group share price.

The light emitting diodes developer says trading is in line with expectations. FinnCap forecast a loss of £1.2m on revenues of £2.2m in 2008.

Enfis expects its revenues to continue to grow rapidly in 2009. FinnCap forecast 2009 revenues of £6.8m and profits of £700,000. It is reviewing these forecasts.

Enfis continues to win new contracts and plans to launch new technology later in 2009.

At 55p a share, up 17.5p on the day, Enfis is valued at £5.16m.

The 2008 figures will be reported on 16 March. 

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