30th Oct 2024 07:19
Diales PLC - London-based consultancy for the construction and engineering industries, formerly Driver Group PLC - Expects to report revenue of GBP43.0 million for its financial year that ended September 30, up 0.9% from GBP42.6 million last year. Underlying profit is estimated to grow 10% to GBP1.1 million from GBP1.0 million the year prior. However, "short-term staffing issues" in the US "materially affected" the company's first-half performance. As a result, Diales announces it will discontinue its existing operations in the US, and expects the transition of local commitments to be completed by the end of the first half of financial 2025. Its operations in Canada and South America are unaffected. The group's GBP250,000 share buyback programme announced in June is still ongoing, with 660,000 shares repurchased so far. This represents 71% of the initial funds allocated. Read More
