Mears set to beat full-year expectations

16th Jun 2023 08:31

(Sharecast News) - Mears, a prominent provider of services to the housing sector, announced a robust trading performance for the first five months of its financial year on Friday.

The company said it experienced sustained growth in revenues, saw improving operating margins, and demonstrated exceptional cash performance.

As a result, Mears said it expected that its full-year profits would significantly surpass current market expectations.

"The group is scheduled to release its interim results for the six months to 30 June on Thursday 3 August," the Mears board said in its statement.

At 0811 BST, shares in Mears Group were up 6.65% at 280.5p.

Reporting by Josh White for Sharecast.com.