21st May 2021 11:49
Northern Bear PLC - Newcastle Upon Tyne-based specialist building and support services company - Reports strong forward order book but warns on uncertainty. Says all businesses managed to control costs and preserve cash during a challenging year ended March 31.
Executive Chair Steve Roberts says: "Financial year 2021 has been a turbulent year for all companies in our sectors. Whilst we have obviously experienced severe difficulties within certain businesses within the group, others have performed exceptionally well, particularly in the second half, given the backdrop against which they have had to, and continue to, operate."
Current outlook is for a resumption of "normal" trading and profitability levels, closer to those seen in financial years prior to 2021, Northern Bear says.
Current stock price: 57.03 pence, up 3.7% on Friday
Year-to-date change: up 19%
By Will Paige; [email protected]
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