red24 PLC (AIM:REDT) – Positive trading update
The AIM quoted crisis assistance company which disappointed a few months ago on news of a significant client loss has announced a highly positive trading update.
The Group confirmed that trading during the latter part of the year to 31 March 2015 continued to improve, particularly in the Group’s consultancy and special risk areas. As a result, the Board considers that the Company’s financial performance in the year to 31 March 2015 will be ahead of Board expectations. Broker expectations were previously for pre-tax profit of £0.9m, eps of 1.50p and a dividend per share of 0.50p. The previously anticipated adverse impact on results arising from the loss of a major client earlier in the year (as announced on 18 August 2014), was successfully mitigated…