28 July 2020 - trading update
The supplier of specialist technical fluid power products has issued a trading update for the six month period to 30 June. This is pretty reassuring with revenues for the period down 22% compared with last year at £46.6m (2019: £59.6m). Obviously the second quarter was particularly weak as a large number of customers were closed, but although revenue in April was down 41% compared to last year, there has been a steadily improving trend as customers have returned to work. Revenue in June was therefore only down 25% and revenue in July is . . .
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