Wednesday March 26, 08:41 AM
UK smallcap opening - SMC leaps in wake of upbeat update
LONDON (Thomson Financial) - Top performer among small-cap risers was SMC Group (LSE: SMC.L - news) , which leapt 43 pct -- or 2.8750 pence
to 9.50 -- in the wake of an upbeat trading statement.
The architectural and design company expects 2007 second-half underlying EBITDA of 3.7-4.0 mln stg, up from 1.2 mln stg reported in the first half.
It (Frankfurt: A0MLX5 - news) anticipates reporting a full-year EBITDA before exceptional items of 4.9-5.2 mln stg.
SMC (Frankfurt: 874794 - news) also sees second-half revenues of about 23.0 mln stg against its first-half sales of 21.1 mln stg, an increase of about 9 pct, giving 2007 full-year revenues of around 44.1 mln stg.
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