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IN BRIEF: Higher Costs Hurt AB Dynamics Profit In Year; Revenue Up

25th Nov 2020 11:52

AB Dynamics PLC - simulation and testing systems provider - Reports revenue for the year to the end of August of GBP61.5 million, up 6% compared to GBP58.0 million a year prior. Pretax profit declined, however, to GBP5.0 million from GBP11.0 million a year ago. The company reports jump in administrative expenses to GBP29.2 million from GBP16.5 million year-on-year. AB Dynamics keeps annual dividend unchanged at 4.4 pence a share.

Current stock price: 2,068.00 pence

Year-to-date change: down 2.2%

By Evelina Grecenko; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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