UK's 4imprint rises on FY forecast upgrade

4imprint

01/08/2023 10:04

** Shares of advertising and marketing company 4imprint
Group  FOUR.L  rise as much as 6.08% to 4,705p
    ** Stock second top pct gainer on FTSE mid-cap index  .FTMC 
    ** Co sees FY23 group revenue slightly above $1.3 bln
compared with $1.14 bln in FY22
    ** Sees FY profit before tax above current analyst consensus
and not less than $125 mln 
    ** Adds, helped by revenue growth along strong gross margin
percentage and returns on marketing investment
    ** Co expects strong first half performance in revenue,
profitability and cash
    ** If gains hold, set to post biggest one-session gain in
almost three months
    ** As of last close, stock up 6.7% this year 

 (Reporting by Hani Kollathodi in Bengaluru)
 ((Hani.Kollathodi@thomsonreuters.com;))