Xpediator delivers significantly increased profits

AIM-listed freight management services provider Xpediator (LON:XPD) has seen its share price shoot upwards by 11.83% to 52p (as of 14:25 BST) after it announced a 130.5% rise in adjusted profits before taxation for the year ended 31st December. Revenues grew by 54.1% over the 12 months and 21.8% on a like-for-like basis.

Stephen Blyth commented: “The business is performing extremely well, growing both organically and through acquisition. Good cash generation during the year reflected a strong focus on working capital and increased financial disciplines. The Group has a solid financial base with the financial headroom to support the Group’s future ambitions. In 2019 we are on track to exceed £200m of sales, a near threefold increase since 2016“.