Arcontech FY18 Profit Comfortably Ahead Of Market View; Stock Climbs

Shares of Arcontech Group PLC (ARC.L) climbed around 20 percent in London trading after the provider of products and services for real-time financial market data processing and trading announced Tuesday that profit for the year 2018 is comfortably ahead of market expectations.

Unaudited net cash as of June 30, 2018 amounted to 3.2 million pounds, higher than last year’s 2.6 million pounds.

The company’s results for the 12 months ended June 30 are expected to be announced on August 23.

In London, Arcontech shares were trading at 90.18 pence, up 20.24 percent.

by RTTNews Staff Writer

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