Altitude Group PLC (AIM:ALT) shares soared 23% as it reported trading recently had been materially ahead of market expectations.
The technology and information services company said revenues and adjusted pre-tax earnings in the year to march 2023 would be ahead of consensus estimates of £16.5mln and £1.5mln respectively.
Altitude also announced it had secured an increased working capital credit facility with TD Bank, now worth US$1.5mln, up from US$0.7mln, to support “continued execution of its growth strategy".
“We have invested in growing market share and have a reassuringly strong pipeline of opportunities,” commented chief executive Nichola Stella, adding the group expected to “achieve record year-end results”.
Altitude shares rose to 41.2p from 33.5p.