15 April 2020 - trading update

The AIM-listed engineering group has issued a trading statement today covering the financial year to 28 March 2021.  Although the impact of the pandemic has been to reduce revenues for the year by around 20% to $53m, the company expects to be able to report underlying EBIT of $2.5m for the year due to cost savings measures put in place and also helped by government assistance programmes.  This performance is better than previously expected at the group and recent activity has been even more encouraging.  A strong increase in the order book in . . .

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