Knocking the lights out…again
One of AIM’s largest companies has issued another positive trading update sending the shares sharply higher - it’s a pity we struggle to understand exactly what it does! (Free to read)
Xpediator (AIM: XPD), the provider of freight management services across the UK and Central and Eastern Europe, expects to deliver revenues of more than £300m (2020: £221m) and adjusted profit before tax well in excess of £8.5m (2020: £7.2m), in line with the upgraded guidance given in June 2021.
Freight management isn’t the sort of business to set investors' pulses racing, and Xpediator’s c3% profit margins are going to put off…
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