UP Global Sourcing sees annual adjusted profit jumping 51%
Source - SMW
Consume goods group UP Global Sourcing, which trades as Ultimate Products, said it expected to post a 51% jump in annual adjusted profit.
Underlying pre-tax profit for the year through July was seen rising to £8.5m, up from £5.6m on-year.
The improvement would come on the back of a 41% rise in revenue to £123.3m.
Current trading, meanwhile, was in line with market expectations, with the 2020 financial year order book 'moderately ahead' of this time last year.
'Over the longer term, the board is confident in the resilience of the group's business model, and in particular the adaptability and versatility of its strategy,' UP Global Sourcing said.
At 8:02am: (LON:UPGS) UP Global Sourcing Holdings Plc share price was +2.5p at 74p