CLS Holdings has revealed it expects financial results for the year ended 31 December 2014 to be materially ahead of current market forecasts.
In a statement to the London Stock Exchange this morning the group said the boost is primarily due to a significant increase in the values of the group’s London property portfolio.
In response to the news analysts at Liberum said it would place its target price for the group under review.
In early trading shares in CLS jumped 8.77% to 1,566.34p.
The company expects to announce its results for the year ended 31 December 2014 on Wednesday 4 March 2015.