MaxiTrans gains boost on new profit forecast


If the management of trailer-maker Maxitrans was hoping for a Christmas share-price lift following last Friday’s trading update, it got it. <br /><br /> The company has seen its shares rise from below 25 cents in June to around 39 cents this week, with the update gaving it an 11 percent boost.

By Rob McKay | December 20, 2011

If the management of trailer-maker Maxitrans was hoping for a Christmas share-price lift following last Friday’s trading update, it got it.

The company has seen its shares rise from below 25 cents in June to around 39 cents this week, with the update gaving it an 11 percent boost.

This follows a near-50 percent rise experienced about the time of its annual general meeting in mid-October.

Back then, the company had warned of a net profit of $5 million but it now says that orders had been strong and it Colrain parts business continued to perform well.

With that in mind, full financial-year profits were forecast to hit the $5.7-$6 million range, "based on unaudited internal management accounts".

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