The group has announced a short trading update, prior to its September year end, which points to revenues for the year to be in excess of £4.4m. A positive underlying oil & gas market has boosted revenues, but specifically two major supply agreements have exceeded original expectations. We therefore raise our revenue forecasts by 10%, with higher operating costs incurred resulting in EBITDA unchanged. We raise our price target from 2.0p to 2.2p, recognising the progress and recovery

19 Sep 2018
Hardide - Upbeat trading update

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Hardide - Upbeat trading update
Hardide plc (HDD:LON) | 7.8 0 3.2% | Mkt Cap: 6.11m
- Published:
19 Sep 2018 -
Author:
David Buxton -
Pages:
4 -
The group has announced a short trading update, prior to its September year end, which points to revenues for the year to be in excess of £4.4m. A positive underlying oil & gas market has boosted revenues, but specifically two major supply agreements have exceeded original expectations. We therefore raise our revenue forecasts by 10%, with higher operating costs incurred resulting in EBITDA unchanged. We raise our price target from 2.0p to 2.2p, recognising the progress and recovery