The ICSGlobal (ASX:ICS) share price has climbed 13% today. Here’s why.

The ICSGlobal Ltd (ASX: ICS) share price has leapt up 13% today after the company provided a positive guidance update for FY21.

At the time of writing, the ICSGlobal share is price is trading at $2.09.

Strong performance in FY21

The medical billing company says that the results for November 2020 have continued on a positive trend, and as a consequence the board is in a position to provide guidance for the financial year ending 30 June 2021.

ICSGobal expects net profit after tax (NPAT) to be in the range of $1.5 million to $1.7 million. This would be an increase of 22–38% on the prior year’s NPAT of $1.23 million.

The company remains cautious, noting that in the current environment, risks remain including a worsening of the…