18th Aug 2020 14:25
Northern Bear PLC - Newcastle-based building services firm - Says it has continued to trade well since the publication of its financial 2020 results in July. At the time, the company said that while activity in April was low due to Covid-19, it noticed an improvement in May and June, adding that in July, activity levels were at around 75% of normal levels.
Says on Tuesday forward order book remains strong and should support a much improved level of operating performance in the coming months. However, notes that this is dependent on the wider economic climate and subject to no further major impact on its operations from any resurgence of Covid-19 cases.
Results for its half-year to September-end will be published in November.
Current stock price: 55.70 pence
Year-to-date change: down 24%
By Ife Taiwo; [email protected]
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