2 August 2021 - interim results

We recommended shares in the engineering group in June at 149.3p and it is pleasing to see that these have already moved up in price.  Today's announcement of the interim results covering the six month period to 30 June have reinforced our recommendation.  The period saw a decline in revenue compared with last year as this fell to £333m (2020: 409m), with adjusted pre-tax profits falling to £0.9m (2020: £3.6m) and earnings per share on the same basis falling to 0.10p (2020: 0.72p).   No dividend is proposed.  Net . . .

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