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Mears Group PLC - Gloucester, England-based housing and social care provider - Says it has seen strong trading in the first five months of its financial year, with ‘continued elevated revenues, improving operating margins and excellent cash performance’. As a result of this ‘continued strong momentum’, the board expects full year profits to be materially ahead of current market expectations. It didn’t specify what these were. For 2022, Mears reported revenue of £959.6 million, up from £878.4 million. Pretax profit more than doubled to £34.9 million from £16.3 million. Mears is scheduled to release its interim results for the six months to June 30 on August 3. Current stock price: 280.00 pence each, up 6.8% in London on Friday morning 12-month change: up 44% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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