8th Dec 2021 16:16
Hargreaves Services PLC - Durham, England-based services to industrial and property sectors - Expects to report "strong" interim results, with all business segments trading in line with expectations. Revenue in the six months that ended November 30 will be lower than a year before, due to the disposal of coal trading activities last December, but pretax profit will be higher. In the first half of financial 2021, Hargreaves Services reported pretax profit of GBP1.1 million on revenue of GBP92.0 million. Net debt has been reduced to GBP3.0 million as of the end of last month from GBP20.8 million a year before, due to the sales of the coal stock, which brought in GBP24 million for the company. Hargreaves will release its half-year results on January 26.
Current stock price: 411.11 pence, down 4.6% on Wednesday
Year-to-date change: up 61%
By Tom Waite; [email protected]
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