Maintel Holdings PLC (AIM:MAI) shares rose 20% on Monday morning following the cloud communication firm’s announcement of better-than-expected full-year trading.
Adjusted pre-tax earnings more than doubled to £9 million in the year to December 2023, Maintel updated, while revenue climbed 11% to £101 million.
This followed a reorganisation effort over the first two quarters, allowing the firm to focus on growth in the latter half of the year, Maintel added, with long-term contracts also being signed with the likes of hospitals, banks and even Harrods.
“Post-pandemic, the rate of technological change in our markets is significant,” chief executive Carol Thompson said, pointing to “changes in business working practices”.
“This is both exciting and challenging, but change is where opportunity lies, and we intend to be part of that new generation of service to clients.”
Shares climbed 20% to 228p.