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Birmingham Post
Birmingham Post
Business
Abigail Turner

Social housing firm Mears Group says profits are better than expected

Mears Mears Group Gloucestershire

Mears Group has reported "continued strong momentum" in its trading statement.

The Gloucestershire-based firm said that it has experienced strong trading in the first five months of its financial year, with continued elevated revenues, improving operating margins and "excellent" cash performance.

In a statement, the AIM-listed firm, which employs more than 5,000 people, said: "As a result of this continued strong momentum, the Board expects full year profits to be materially ahead of current market expectations."

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