8th Sep 2020 15:16
Flowtech Fluidpower PLC - engineering company - Swings to a pretax loss of GBP929,000 from GBP3.1 million profit, as revenue dives 22% to GBP46.6 million. Accelerating rationalising of operating sites and reducing costs. Difficult to predict underlying levels of demand. Expects trading to be affected by overall market conditions. Withholding both financial guidance and the payment of a dividend. To reinstate both guidance and dividend as soon as is practicable.
Current stock price: 76.94 pence
Year-to-date change: down 38%
By Tapan Panchal; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Flowtech Fluid.