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(Sharecast News) - Infrastructure services provider Nexus revealed on Friday that it has raised gross proceeds of £10m via a placing of 7.14m new ordinary shares.
Nexus' new shares were issued at 140.0p each, representing a 15% discount to their closing price on Thursday, with the proceeds set to be used to strengthen the group's balance sheet and allow it to "emerge from the Covid-19 crisis significantly stronger" after capitalising on opportunities.
Elsewhere, the AIM-listed firm said pre-tax profits for the six months ended 31 March were up 21.4% to £3.4m, mostly driven by a 19% increase in revenues to £84.2m.
While housebuilding customers were now returning to work, Nexus did caution that its order book hod dropped 3.54% year-on-year to £300m.
Chief executive Mike Morris said: "We are encouraged by the recent return to work and, with Nexus's renewed strength and its market leading position, the board remains confident in the long-term prospects of the group."
As of 0950 BST, Nexus shares had dipped 1.88% to 161.90p.
30 Dec 2022 07:55
LONDON BRIEFING: FTSE 100 called lower on shortened trading day
(Alliance News) - Stocks in London were set to open lower on Friday, as a turbulent year for global markets draws to a close.
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