By John Hyde2021-01-28T08:54:00+00:00
Shares in listed firm Rosenblatt enjoyed an immediate bounce this morning after it forecast that financial performance for 2020 will ‘exceed analysts’ expectations’.
In a trading statement to the London Stock Exchange, Rosenblatt Group said there will be positive news in both revenue and profits when financial results for 2020 are published in April.
The board announced it will pay investors a dividend of 3p per share next month – less than the 5p per share paid out this time last year, but better than many would have expected after such a turbulent 2020.
The firm said that performance in 2020 demonstrated its ‘resilience despite the challenge presented by the pandemic’, recording its most successful year in terms of revenue, pre-tax profit and gross margin, which exceeded 40%.