19th Jun 2018 10:21
LONDON (Alliance News) - Industrial and commercial equipment distributor HC Slingsby PLC said on Tuesday that a disappointing start to 2018 has led to caution regarding the first half of the year.
Shares in HS Slingsby were down 33% at 50.00 pence on Tuesday.
For the five months to the end of May group sales were down by 1.0% from the same period the year before in spite of good performance in April and May.
Despite an improved gross margin level, higher overheads have led to lower pretax profit on a year-on-year basis. In addition, disappointing levels of order intake have led to caution regarding the six months to the end of June.
Related Shares:
Slingsby H.c