Stagecoach Theatre Arts says that its full year results will be much better than expected.
The master franchise owner of weekend and evening theatre and dance schools for children was forecast to make profits of £590,000 on revenues of £6.32m in the year to May 2008.
There were more school opening than expected and overheads have been cut. This is the reason why management says that the figures will be “significantly ahead of the
current market expectations”.
The results will be announced on 13 August.
The shares jumped 8p to 71.5p, valuing STA at £7.07m. The shares have risen by 29% over the past six months.
© 2021 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.