6th Aug 2020 17:48
TT Electronics PLC - Woking-headquartered electronics manufacturer - Posts revenue for six months ended June 30 down 12% to GBP210.0 million from GBP238.2 million a year prior. Swings to pretax loss of GBP4.8 million from GBP5.1 million profit a year ago. Blames Covid-19 "disruption and inefficiencies" for revenue slump along with GBP2.9million in operating loss due to restructuring. Says it remains positive going into the second half. Interim dividend for 2020 will not be paid this year.
Current stock price: 182.00
Year-to-date change: down 27%
By Neetika Kurup; [email protected]
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