16th Dec 2020 14:46
Epwin Group PLC - building products manufacturer - Since reporting interim results in early September, experiences better than expected trading conditions, as demand from RMI market has been strong during the fourth quarter of 2020, as well as increasing demand from new build and housing sectors.
Revenue for the second half up to the end of November is up 5% year-on-year. As a result, adjusted pretax profit and revenue for 2020 as a whole is anticipated to be ahead of current market expectations.
"The group's second half performance has demonstrated the underlying strength of the business and its principal markets. This has been achieved despite the many challenges that the coronavirus pandemic has presented and the ongoing uncertainty caused by continuing Brexit trade talks," the group states.
Current stock price: 90.40 pence
Year-to-date change: down 13%
By Dayo Laniyan; [email protected]
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