IN BRIEF: Driver shares drop as expects fall in interim profit
29th Mar 2022 11:28
Driver Group PLC - Lancashire-based engineering services provider - Says suffers "difficult" second quarter, which ends on Thursday. Says results during period were hurt by loss-making contract in the Asia-Pacific region and an unexpected drop in revenue in the Middle East region. Expects an underlying group pretax profit between GBP300,000 and GBP500,000 for the half-year, down from GB1.0 million a year prior, as a result. Says initiates an operational review of both regions, given their historic underperformance. Identifies "near term" opportunity to reduce annual operating costs by more than GBP1.0 million through a reconfiguration of its operating footprint in both regions. Read More