AB DYNAMICS HIKES GUIDANCE AS THE F1 TESTER EYES ACQUISITIONS Formula One testing firm AB Dynamics has hiked its profit guidance for the year ahead amid strong demand across all its regions. The London-listed company said half-year adjusted operating profit had risen by 16 per cent to £8.9m. On a statutory basis, operating profit nearly doubled to £5.5m. Dr James Routh, chief executive officer, said: "With strong trading momentum entering the second half and benefiting from the acquisition of VTS and improved margins, the board expects to deliver full year operating profit ahead of its expectations." Shares are up over 30 per cent in the last six months.

(c) 2024 City A.M., source Newspaper