Shares in Hydrogen Group PLC (LON:HYDG) surged in late-morning trading Tuesday after the recruitment firm upgraded its full-year profit forecasts.
The AIM-listed company said in a trading update that trading had remained robust through the fourth quarter, with all its regions outperforming the previous financial year.
READ: Hydrogen Group swings back to first-half profit, thanks revenue acquisition boost, reinstates interim dividend
As a result, Hydrogen said it now expected full-year profits to be “ahead of current market expectations”.
The firm added that its balance sheet had continued to strengthen as profit had been converted to net cash.
The firm swung to a profit and reinstated its interim dividend back in September as the integration of Argyll Scott Holdings, which it acquired in June 2017, helped boost its half-year revenues by 21%.
Shares were up 13.1% at 56p.