UK's 4imprint rises on higher annual profit forecast

4imprint

19/01/2024 08:51

** Shares of advertising and marketing company 4imprint
Group  FOUR.L  up 8% at 4,895.8p; top pct gainer on FTSE midcap
 .FTMC  index
    ** Co raises profit before tax (PBT) forecast for second
time in two months after investments in marketing and easing of
supply chain issues faced in 2022
    ** Co now sees 2023 PBT of not less than $140 mln vs $104
mln last year, slightly above upper end of analysts'
expectations 
    ** Co also sees 2023 revenue to be $1.33 bln, an increase of
16%     
    ** "The focus of the new year will be on taking higher
market share, which we believe it can achieve" - Peel Hunt
    ** As of last close, stock up 6.8% in last 12 months

 (Reporting by Zainab Saifuddin Saifee in Bengaluru)
 ((Zainab.SaifuddinSaifee@thomsonreuters.com; +91 8766460080;))