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Energy

Billington Holdings soars after forecasting profits will be 'significantly' ahead of expectations

Billington Holdings PLC (AIM:BILN) soared 30% today after forecasting full-year pre-tax profits would be significantly ahead of previous expectations.

The company said trading has continued to improve since it reported half-year results in September when it highlighted a strong order book at improving margin levels and a significant pipeline of opportunities.

Revenues expectations remain unchanged, it said.

Mark Smith, CEO of Billington, commented: "The recovery in activity we experienced in the first half of 2022 has continued into the second half. We have been focused on implementing efficiency improvements throughout the group that are now being realised.”