UK's Touchstar rises as annual core profit seen above market expectations
23/01/2023 08:56
** Shares of software solutions developer Touchstar Plc
TSTT.L up as much as 3.1% at 82.5p
** Co forecasts annual core profit growth of over 25%, ahead
of market expectations
** Co also expects annual revenue and pre-tax profit to be
in line with market expectations, with pre-tax profit to be 100%
higher than FY21
** Co's order book at 1.7 mln pounds ($2.11 mln) at year-end
compared to 0.6 mln pounds in 2021
** Adds that buoyant level of current order book and trading
momentum underpin prospects for 2023
** If gains hold, stock set to post best intraday pct gain
in more than a month
** Stock rose 11.8% in 2022
($1 = 0.8062 pounds)
(Reporting by Hani Kollathodi in Bengaluru)
((Hani.Kollathodi@thomsonreuters.com;))