Xpediator PLC (AIM:XPD) said revenues and profits for the full year will top expectations after a strong first half.
The provider of freight management services reckons it can deliver full-year adjusted profit before tax of over £8.5mln.
WATCH: Xpediator delivers strong first-half performance as underlying businesses continue to grow
It added it is reviewing acquisition opportunities as it believes demand will keep up in the future.
In the six months ended 30 June, revenue was up to £126mln from £99mln last year, with adjusted profit before tax of £3.6mln from £2.1mln in 2020.
The AIM-listed group said it reflected growth within key CEE markets, incremental revenue generated from customs clearance and full recovery from COVID-19.
It also hiked the interim dividend by 11% to 0.5p per share.
“These financial results show an all-round enhanced performance aligned to a clearer business strategy. All divisions performed well but particularly impressive was the performance of our Freight Forwarding division with Lithuania and Bulgaria reporting strong results,” commented chairman Alex Borrelli.
“As indicated by way of the trading update released in June 2021, the group is expecting a further strong operational and financial performance in the second half of 2021. This is extremely pleasing and takes into account business strategy alignment, key personnel employed and cost reduction decisions taken in the second half of 2020.”