Discussion Starter · #1 · (Edited by Moderator)
Model trains and collectibles group Hornby cheered its followers with news that it will beat profit forecasts this year.
In a trading update yesterday the group said it had enjoyed better than expected trading through the final quarter of its financial year.
The company now predicts that profits before tax for the year ended March 31 will be not less than £8m.
The group, which also makes Scalextric, has been expanding its operations into Spain, France and Italy and is transferring European production to China.
Shares in the group jumped 14% to 212p on the news.
[Source - The Gardian]