Northern Bear builds profits in full-year results

AIM-listed Northern Bear (LON:NTBR) saw its share price advance by 6.45% to 66p (as of 10:45 BST) after revenues for the year ended 31st March grew by 5.6%. Pre-tax profits for the year were up by 20.5% as gross margins improved by 150 basis points to 21.1% on the back of a sales mix more weighted to higher margin specialist building work.

Executive chairman Steve Roberts commented: “I am delighted to be reporting another strong set of results for the year. We are hopeful of another good year despite ongoing challenging market conditions and political uncertainty“.