UPGS’s half-year results included a 47.3% rise in underlying pre-tax profits, bolstered significantly by a 21% normalised increase in sales revenue. An optimistic tone on H2 sales prompts us to raise our full year forecasts and that has positive implications for both the group’s financial strength and valuation.
29 Apr 2019
Good reasons for optimism
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Good reasons for optimism
Ultimate Products PLC (ULTP:LON) | 150 -1.5 (-0.6%) | Mkt Cap: 134.4m
- Published:
29 Apr 2019 -
Author:
Chris Wickham -
Pages:
8
UPGS’s half-year results included a 47.3% rise in underlying pre-tax profits, bolstered significantly by a 21% normalised increase in sales revenue. An optimistic tone on H2 sales prompts us to raise our full year forecasts and that has positive implications for both the group’s financial strength and valuation.