25 November 2020 - interim results

Shares in this AIM-listed building services group have moved up since tipped last month at 49p.  The company has performed well given the challenging trading conditions as demonstrated in today’s interim results covering the six months to 30 September.  Revenue for the period declined to £20.1m (2019: £27.8m) with adjusted pre-tax profits falling to £0.4m (2019: £1.3m) helped by cost cutting measures put in place.  Solid cash flow led to net cash of £0.6m at the end of the period (31 March: £0.2m).  The second quarter . . .

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