Trading Update & Notice of Results
FY24 turnover ahead of expectations by 4%, adjusted profit before tax ahead by 20%.
vs expectations: ahead
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Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading announces that for the year ended 30 June 2024 (FY24) turnover is expected to be ahead of market expectations by approximately 4% as result of increased use of product by certain customers, whilst adjusted profit before tax is expected to be ahead by approximately 20%, as a result of the aforementioned increased product usage and certain planned staff costs only being incurred at the end of the financial year (FY24).
Expectations for the current financial year (FY25) remain unchanged.
Financial expectations noted above are preliminary and subject to year-end financial close and audit review processes.
Notice of Results
The Company's results for the 12 months ended 30 June 2024 are expected to be announced in early September 2024 and the Board look forward to updating shareholders with further details at that time.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.