Proactive Spotlight …
Lombard Risk Management plc (LON:LRM) saw its shares jump nearly 19% higher today after the firm said it expects revenues, underlying profits and its cash position to be ahead of market expectations following a period of substantial investment.
The provider of risk management software to the financial services industry said turnover for the 12 months ended March 31 would be in the region of £34mln-£34.4mln and underlying profits (EBITDA) in the range of £2.4mln-£2.8mln. The company is sitting on around £7mln of cash.
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The top line growth was driven primarily by the strong growth of the company's Risk Management and Trading Software Division, Lombard said.
Chairman Philip Crawford, said: "The Lombard Risk two-year plan to achieve cash profitability was predicated on unlocking revenue growth by investing in both product and employees.”
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