5th Apr 2016 07:50
LONDON (Alliance News) - Waste management company Shanks Group PLC on Tuesday said trading for the year to the end of March was in line with its expectations.
Shanks said its expectations for the year to March 2017 are unchanged.
The company said its net debt position at the end of March was better than expected at GBP195.0 million and said the loss it will book on the Wakefield private-finance initiative project will be GBP5.0 million, half the GBP10.0 million originally anticipated, due to movements in swap rates.
Shanks will publish its annual results on March 19.
Shanks shares were down 0.9% to 82.25 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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