S4 rises on strong outlook after cost cuts drive profit
BUZZ-S4 rises on strong outlook after cost cuts drive profit Updates
** Shares in S4 Capital SFOR.L up 11% at 43.5p
** British ad group raises annual operational core profit margin expansion target to 140 basis points from at least 100 bps previously
** Operational core profit jumps about 83% to £38 mln ($51.14 mln) in the six months ended June 30
** Co lowers net debt target to £50-£80 mln and expects adjusted basic EPS above analyst consensus for 2026
** "Amid an ongoing uncertain operating landscape, the impact of previous cost actions has offset a slightly softer revenue outlook" Jefferies analyst said in a note
** Declares inaugural interim dividend of 1.35 pence per share
** As of last close, SFOR up ~92% YTD
($1 = 0.7431 pounds)
(Reporting by Atharva Singh in Bengaluru)