Crimson Tide shares high on profits update
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The share price of AIM-listed Crimson Tide (LON:TIDE) surged 22.93% to 2.52p (as of 15:15 GMT) after it said that profits before taxation for the year ended 31st December would beat market forecasts. Customer numbers over the year increased by 18% as the managed mobility company increased its sales and marketing capabilities.
Executive chairman Barrie Whipp commented: “We can take great encouragement from 2018. Our investments in Sales & Marketing have begun to pay off. Enhancements in mpro5 and the widening of our channels mean that the Board is very optimistic for the future”.
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