The company has issued an unscheduled trading update as trading continues to be better than expected notably in the online part of the business. This is impressive given that the last update was only issued on 8 June!! The year that ends on 31 July is now likely to see revenues of over £111m and underlying pre-tax profits of £7.4m – both higher than current market expectations.
As a result, adjusted earnings per share for the year will now be around 7p putting the shares on a very modest multiple. This is the second positive unscheduled trading update in . . .
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