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IN BRIEF: Volex First Half Earnings To Beat Market Expectations

15th Oct 2020 14:22

Volex PLC - Basingstoke, England-based power cords supplier - Expects revenue and profitability to be above current market expectations for the both half year and full year. Revenue for the six months ended October 4 to be at least USD200 million, a 2.2% increase on the year prior. Underlying operating profit to be at least USD20 million, a 26% increase on the year before.

Current stock price: 215.90 pence, up 12% on Thursday

Year-to-date change: up 40%

By Greg Roxburgh; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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Volex
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