7th Feb 2025 11:54
Tanfield Group PLC - passive investing company with 49% interest in producer of self-propelled, towable and push-around aerial lifts Snorkel International - Says Snorkel's sales fell 5.4% to USD137.3 million in the first nine months of its current financial year, from USD145.1 million the year before. The investee's earnings before interest, tax, depreciation and amortisation have swung to a loss of USD1.9 million, from last year's USD2.8 million profit.
Tanfield notes that the outcome of ongoing US legal proceedings could impact Snorkel's current GBP19.1 million investment value. The rescheduled jury trial has now been set for a five-week stack beginning in October. The firm says it "continues to believe that a positive outcome to the proceedings is possible".
Current stock price: 3.46 pence, down 2.0% in London late on Friday morning
12-month change: down 10%
By Emily Parsons, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.