Johnson Service Group on track for best day in over 4-1/2 years on profit outlook, share buyback

Johnson Service

02/09/2025 08:45

** Shares of Johnson Service Group JSG.L up 15.5% at 159.8p, on track to record biggest single-day pct gain since November 2020

** Stock highest pct gainer across the London Stock Exchange

** Textile rental service provider says it is confident of reporting FY adjusted operating profit in line with current market expectations

** Reports H1 2025 adjusted PBT of £24.9 million ($33.64 million), up 15.8% from a year ago

** Company plans further share buyback program that could return about £25 million to shareholders

** Including session's gains, JSG shares are up over 18% YTD

($1 = 0.7402 pounds)

 (Reporting by Atharva Singh in Bengaluru)

 ((Atharva.singh@thomsonreuters.com))