AB Dynamics (AIM:ABDP) shares soar and then a positive trading update after the close, naughty!
The trading update confirmed that the Group has performed well in 2015 and revenues and profits are now expected to be “materially ahead of market forecasts”. Consensus forecasts are currently for pre-tax profit of £3.1m and eps of 13.89p.
The Group is also in the fortuitous financial position of being able to decline a grant of up to £2.3m from the UK Government’s Regional Growth Fund, viewing the conditions as “over burdensome”.
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