LONDON (Alliance News) – Aquis Exchange PLC on Tuesday said it expects to report doubling in revenue for 2018, but warned on challenges in the first quarter of 2019 due to Brexit uncertainties.

Aquis shares were trading 4.8% higher on Tuesday at 600.00 pence each.

The exchange services company anticipates to deliver revenue of GBP4.0 million for 2018, versus GBP2.0 million in the prior year.

Looking forward, Aquis said it anticipates making further progress during 2019 and expects to perform in line with expectations.

The company expects to announce its 2018 results in early April.

Separately, Aquis said it appointed Electronics Engineer Glenn Collinson as an independent non-executive director.

Collinson started his career at Racal Electronics PLC and worked for mobile firm Motorola Inc and semiconductors company Texas Instruments Inc before co-founding Cambridge Silicon Radio in 1998. There he served as an executive director and helped grow the company from a concept to a USD3 billion market capitalisation entity in 2006, known as CSR PLC.

“I am very pleased to welcome Glenn to the board of Aquis at this important time in our development as a public company,” said Chair Niki Beattie.

“His background as an engineer and his years of developing and marketing technology products will be invaluable to the business,” added Beattie.