12-fold hike in pre-tax profits expected
Thursday 25 Jan 2018 Author: Steven Frazer

Investors eagerly await a full year trading update from Yu Group (YU.:AIM) on 29 January.

The business energy supplier has released a string of upbeat announcements since making it on to Shares’ Great Ideas list in April 2017, when the stock was trading at 287.5p.

Today the shares change hands for 990p, a stunning return on the 185p per share stock market flotation price less than two years ago.

Forecasts suggest a 12-fold jump in 2017 pre-tax profit to £2.5m, with a near doubling again pencilled in for 2018.

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