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Aggregated Micro's revenues ahead of expectations

Turnover for the year to March will be more than £42mln, against the £40mln forecast previously.

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Cold weather means more heating

Biomass boiler specialist Aggregated Micro Power Holdings plc (LON:AMPH) has upgraded its sales guidance for the year just ended for a second time.

Turnover for the year to March will be more than £42mln, against the £40mln forecast previously. AMP had already raised its revenue forecast from £30mln.

READ:Aggregated Micro Power has biomass appeal

Profits for the year will be ahead of last year at £1.8mln, with an increase in the value of 29%-owned financial products associate Incubex offsetting restructuring costs and one-off costs.

Richard Burrell, chief executive, said: “We have seen a significant expansion of our operations in 2017 and 2018 and we look forward to further progress across our Biomass Heat Business, our Projects Business and from our Investments in the new financial year."

Quick facts: Aggregated Micro Power Holdings PLC

Price: 73 GBX

AIM:AMPH
Market: AIM
Market Cap: £46.28 m
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Aggregated Micro Power books strong year of growth

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