Thinksmart shares surge on 513% profit increase

Thinksmart shares (LON: TSL) surged over 17% on Thursday’s opening after the group revealed a 513% growth in profits.

In the 12 months to the end of June, profits hit £53m, up from last year’s profits of £8.7m. Revenue was 27% down on last year.

Thinksmart shares have traded strongly this year. Last month they hit a 52-week high.

Thinksmart shares (LON: TSL) are currently trading +12% at 42,00 (0845GMT).

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Safiya focuses on business and political stories for UK Investor Magazine. Her interests include international development, travel and politics.