UK's Image Scan Holdings surges to over 2-month high on upbeat outlook
10/10/2023 12:10
** Shares of Image Scan Holdings Plc IMGE.L rise as much
as 29.4% to 2.2p, their highest since July 18
** Supplier of X-ray screening systems to security and
industrial inspection markets expects to swing to FY23 pre-tax
profit of 100,000 pounds ($122,530) vs loss of 350,000 pounds
reported a year earlier
** Co expects annual revenue to jump 50% to 3 mln pounds
** IMGE says improvement in market activity has continued as
government opportunities, suppressed or delayed by COVID and its
aftermath, are "actively progressing"
** Stock up 23.5%, YTD gains at ~11%
($1 = 0.8161 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))