2 September 2021 - final results
The AIM-listed engineering group has released its annual results for the year to 31 March which have come in pretty much as expected, Revenue for the year fell 20% to $53.6m whilst adjusted pre-tax profit was at a similar level to the previous year at $1.1m. The year was clearly adversely affected by Covid-19 but thanks to the prompt action taken by management the group managed to maintain profits at the same level as before despite the large fall in revenues. The cost cutting measures put in place have resulted . . .
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