1st Jun 2018 09:46
LONDON (Alliance News) - Haynes Publishing Group PLC said Friday it expects to report a 10% rise in adjusted pretax profit for the financial year that ended in May.
However, Haynes said it expects changes to US federal tax rate to reduce its US net deferred tax assets and liabilities by about GBP800,000, leading to a unadjusted profit for the year 5% lower than its 2017 financial year.
For the financial year to May 31, 2017, the company reported profit of GBP1.4 million, and pretax profit of GBP2.7 million.
Haynes will announce its full-year results on September 5.
Shares in technical data publisher were up 4.3% at 242.00 pence in morning trade Friday.
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