Business
Why the Empired (ASX:EPD) share price is surging 14% this morning
Shares in IT services provider, Empired Ltd (ASX: EPD), are soaring this morning after the company announced record first half revenue guidance for FY21 of between $87 million and $89 million. This is up from $84 million for the same period last year. At the time of writing, the Empired share price is up 14.06% to 73 cents following the the announcement which was made during the company’s annual general meeting (AGM).
What else is driving the Empired share price?
The Empired share price is rocketing higher after the company also advised it expects record earnings before interest, tax, depreciation, and ammortisation (EBITDA) of between $15.8 million and $16.5 million, compared to $7.8 million last year.
Empired says it expects to…
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