Billington Holdings up 20%, first-half results to beat forecasts
Billington Holdings, a structural steel and construction safety group, jumped on Monday after saying its half-year results will be ahead of expectations.
Billington Holdings
545.00p
16:55 25/04/24
Construction & Materials
9,698.52
17:09 25/04/24
The company expects the results for the first half of 2015 to be "significantly" ahead of current market expectations thanks to improved performance during the period.
WH Ireland analysts said: "The main driver of the expectations upgrade is margin progression driven by increased efficiencies and utilisation, in combination with a number of favourable contract settlements."
As a result, the broker lifted its profit and earnings per share expectations to £3.0m and 19.9p respectively.
Shares rose 19.89% to 264.95p on Monday at 15:37.