6th Aug 2020 14:23
NMCN PLC - Nottinghamshire, England-based construction company - Pretax profit in half year ended June 30, plunged to GBP809,000 from GBP3.5 million a year prior. Revenue robust, dropping to GBP181.6 million from GBP184 million year on year. The company notes second quarter, ended June 30, was by far the worst after it saw site shut-downs, productivity constraints, changes in working methodology, and prolongation of contracts in addition to operational completion challenges on a major infrastructure scheme. All sites now fully active and working at Covid-19 compliant production capacity. NMCN looks towards the first half of next year for a new normal being established and margins returning to industry norms. The company proposed an interim dividend of 10.0 pence, up from last year's 9.0p.
Current stock price: 352.00 pence
Year-to-date change: down 41%
By Greg Roxburgh; [email protected]
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