IS Solutions (ISL) is this morning’s star performer with a 23% rise after announcing that its performance so far in the current year has been strong. Revenue and profitability for the year to 31st March and for 2016/17 will both be significantly ahead of current market expectations. The shares have doubled since September and closed on Friday at 102p. They opened 8p up this morning and are now standing at 117p.
The market does not appear to have been too impressed by Ryanair (RYA) whose third quarter after tax profit has surged by 110%.The shares have risen from 9.5p in March to 13.93p at the close on Friday but this mornings update has only seen them edge slightly hugher. Ryanair’s traffic for the quarter rose by 20%, whilst unit costs fell by 5% and the average fare fell by 1% to 40 Euro.
Keyword Studios (KWS) which provides technical services to the global video games industry, updates that revenue and adjusted profit before tax will be comfortably ahead of consensus for the year to 31st December, after another year of strong organic growth. 2016 is already showing signs of being another good year. The shares have risen from 150p in September and now stand at 215p, having opened 11p stronger on today’s news.
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