London-listed K3 Capital Group (AIM:K3C) detailed “another very solid” half-year performance in this morning’s trading update.
The group reported a ‘double digit’ increase in revenue and in EBITDA when compared with the first half of the prior period, revealing a record number of completed transactions.
K3’s growth has been primarily driven from its volume brands including Knightsbridge and KBS Corporate.
The group explained that it had now entered its second half of the financial year ‘with the momentum of a number of opportunities within its WIP pipeline.’
Shares in K3 Capital Group were trading 21.43% higher at 212.50p on Monday afternoon.
John Rigby, Chief Executive of K3 said the solid H1 performance was an encouraging performance “in the context of the difficult market backdrop of political and economic uncertainty.”
The company reiterated the Board’s positivity with K3’s growth during H1 and clarified their overall confidence in achieving market expectations.
“This growth is further backed up by a record number of deals in the pipeline that underpins our confidence of continued growth in the second half of FY20 and beyond,” Rigby added.
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