15th Oct 2020 16:41
NMCN PLC - Nottinghamshire, England-based construction company - Reviews all major contracts and expects to report annual pretax loss between GBP13.5 million and GBP15.0 million in 2020, swinging from GBP7.4 million profit. "The contracts involved primarily fell in the Water sector where each project has been analysed. The additional costs for 2020 have largely already been incurred and the situation is expected to have limited impact on the group's cash position," NMCN says. Also review financial structure and refinances a property development, unlocking cash of GBP4.0 million. Notes it is close to appointing a new finance chief.
Current stock price: 189.00 pence, down 23% on Thursday.
Year-to-date change: down 68%
By Eric Cunha; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
NMCN.L