Shares in Totally PLC (LON:TLY) were among the top risers on Tuesday after the healthcare services provider raised earnings guidance.
The company expects underlying earnings (EBITDA) in the financial year just ended will be substantially ahead of both management expectations and underlying EBITDA of £4mln for the previous financial year.
The improved trading performance across the group is due to multiple factors but primarily as a result of the company being able to “respond proactively and quickly to the numerous demands for its healthcare services during the global COVID-19 pandemic”, the company said.
As at the end of March, the group had net cash of £14.8mln, up from £8.9mln a year earlier.
Shares in Totally were up 12% at 34.5p in lunchtime trading.