Interior solutions company Havelock Europa (LON:HVE) is one of the biggest moves on the AIM market this morning, up over 40 percent after an end of year trading update.
In a statement, the company said that full-year results would be in line with the update given in September and announced that it was now debt free with net cash of £1 million, up from £0.2 million at the end of last year.
Chief Executive David Ritchie said: “We are beginning to see the benefits of the measures taken in late 2015 and, although trading continues to be challenging, particularly in the retail sector, we are encouraged to enter 2016 with an order book of GBP23m for in-year delivery which is 15% up on 2015.”
Havelock Europa is currently trading up 41.66 percent at 8.50. It has a 52 week range of between 5.43 and 18.50.
25/01/2016
