logo
Plus   Neg
Share
Email

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

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Alphabet's subsidiary Loon LLC has secured its first commercial deal - to deliver 4G internet access to remote areas of Kenya using high-altitude balloons. Loon will partner with Telkom Kenya to deliver connectivity to parts of Kenya. Telkom Kenya announced Thursday that it has signed a definitive agreement with Loon to pilot a new 4G/LTE access network service in Kenya. The Cow Calendar era is coming to an end. Chick-fil-A said it is axing one of its well-loved products, the Cow Calendar. The 2018 Cow Calendar will be the chicken chain's last calendar. Chick-fil-A first launched the Cow Calendar in 1998 that featured cows as a new tool to convince people to eat more chicken. The calendars were popular not just for the pictures of funny Chick-fil-A cows. Japanese telecom giant Nippon Telegraph and Telephone or NTT has filed a patent for a blockchain technology-based new contract agreement method. NTT, the world's fourth-largest telecom provider, explains the ways to use the application to store contracts without tampering documents.
Follow RTT