Shares in UK education firm Malvern International PLC jumped Friday after it said it expected to become profitable in 2018 after losses narrowed on higher revenue in 2017.

Shares in Malvern were 19% higher at 4.00 pence on Friday.

In 2017, pretax loss narrowed to GBP706,712 from GBP1.3 million the year prior. This was after revenue grew slightly to GBP4.08 million from GBP4.04 million the year before.