Shares in Plexus Holdings PLC (AIM:POS) rose 3.5% after the company said it expects to meet full-year forecasts, buoyed by a solid first-half performance.
The wellhead engineering specialist highlighted two major developments: a lucrative order for its POS-GRIP HG technology worth up to £8 million, and a £4.1 million ($5.2 million) intellectual property deal.
For the six months ending December 31, Plexus reported a significant rise in sales revenues to £5.08 million, up from £709,000 in the previous year, and an underlying profit (EBITDA) of £3.08 million, reversing a £1.1 million loss.
At 2.09 pm, the shares were changing hands for 17.08p, up 0.58p.