Northern Bear rises on 'strong' trading in first half of new year
Northern Bear PLC on Wednesday said trading in the new financial year so far has been ahead of expectations.
The Prestwick, Newcastle upon Tyne-based building services company expects full-year earnings before tax to be ‘broadly consistent with the strong underlying’ adjusted Ebit in financial 2025.
Northern Bear posted pretax profit of £3.1 million for the year that ended March 31, up 48% from £2.1 million a year earlier.
The forecast provided on Wednesday is based on earnings before tax in the first half of financial 2026, and after adjusting for losses and costs related to the closure costs for H Peel & Sons Ltd in 2025.
It also excludes £1.0 million in non-recurring profit, which has been used to repay a £1.3 million debt related to a 2023 tender offer settlement.
The building services company is due to publish interim results in late November.
Northern Bear shares rose 7.4% to 102.00 pence on Wednesday afternoon in London.
Copyright 2025 Alliance News Ltd. All Rights Reserved.