LONDON (ShareCast) - (ShareCast News) - Shares in Dart Group are up more than 5% on the company saying it foresees full-year underlying pre-tax profit ahead of present market expectations.
It said this was due to lower than anticipated winter losses, the leisure travel and distribution & logistics group said.

"Looking ahead to the year ending 31 March 2018, forward bookings in the Leisure Travel business for summer 2017 are satisfactory," it said.

"The board expects group underlying profit before taxation for the year ended 31 March 2017 to be ahead of current market expectations, as a result of lower than anticipated winter losses."

Dart Group said trading at Fowler Welch, its distribution and logistics business, was promising, as it continued to focus on growing and successfully developing existing and new business opportunities.

Current forward bookings and the successful launch of Dart Group's operating bases at London Stansted and Birmingham airports had led the board to believe the company would meet current market expectations for full-year 2018 pre-tax profit.

At 11:10 GMT, shares in AIM-traded Dart Group were up 5.05% to 551p each.

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