UK's FDM Group jumps on better-than-expected annual profit

FDM (Holdings)

19/03/2025 10:11

** Shares of UK's FDM Group FDM.L climb as much as 13.5% to 252p, biggest intraday gain since March 2020

** IT services company top gainer on London's small-caps index .FTSC

** Co reports annual pretax profit of 34 million pounds  ($44.10 million) above estimates of 32.8 million pounds, according to LSEG data

** FDM says trading in early months of 2025 has been encouraging with a modest uptick in client demand

** CEO Rod Flavell says, co remains confident that  business is well positioned to return to growth as and when conditions improve

** Up to Tuesday's close, stock down 21.90% so far this year

($1 = 0.7709 pounds)

 (
 Reporting by Simone Lobo in Bengaluru)

 ((Simone.Lobo@thomsonreuters.com; +919920570373;))