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Investing.com -- Wickes Group (LON:WIX) has announced that it expects its adjusted pretax profit for 2024 to be toward the upper end of analysts' forecast range.
Shares in the home-improvement retailer increased 10% on Tuesday.
The analysts' predictions for the adjusted pretax profit, which excludes exceptional and one-off items, range from 39.7 million to 44 million pounds ($49.6 million-$55 million).
The London-listed company reported revenue of 738.9 million pounds for the six months ending on December 28, marking a 1.8% increase in reported terms and a 0.1% rise on a like-for-like basis.
However, Wickes' annual revenue showed a slight decrease, with the total coming in at nearly 1.54 billion pounds, a 1% drop in reported terms and a 2% decline on a like-for-like basis.
The company's net cash at the end of the year was 86.3 million pounds. Wickes has indicated that it plans to announce its full-year results in the second half of March.
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