27th Sep 2021 11:55
Van Elle Holdings PLC - Nottinghamshire, England-based geotechnical engineering contractor - Says its financial year has started well with strong revenue in most divisions since releasing its results for financial 2021 in August. Maintains positive medium-term outlook for its Rail division, noting steady increase in tendering opportunities and contract activity. Continues to trade profitably despite the negative effects of widespread supply chain issues and short-term labour shortages.
"The balance sheet provides significant headroom for growth and the board continues to expect a return to profitability for the full year, in line with market expectations," the company says.
Current stock price: 48.00 pence, down 1.0% on Monday
Year-to-date change: up 16%
By Scarlett Butler; [email protected]
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