16th Dec 2020 14:13
MS International PLC - defence equipment manufacturer based in Doncaster, England - Reports a pretax loss in the first half of its financial year of GBP1.1 million, widening from GBP486,000 in 2019. Says revenue fell 21% to GBP26.3 million from GBP33.3 million the previous year. Notes the decreases are due to "a subdued general economy, growing Brexit uncertainty and the rapidly spreading global Covid-19 pandemic." Declares an interim dividend per share of 1.75p, unchanged from 2019.
Looking ahead, MS International says it is "well placed to manage its business risk successfully despite the current economic outlook", which sees Covid-19 creating uncertainty over the phasing of demand from customers.
Current stock price: 135.00 pence
Year-to-date change: up 26%
By Zoe Wickens; [email protected]
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