Avingtrans has issued a year end update confirming that FY21E trading is at least in-line with market expectations. The statement highlights a strong net cash position (excluding IFRS 16 lease liabilities) in excess of £23m (2020: net debt £7.4m) that benefited from the disposal of Peter Brotherhood for £30.6m (net) in March 2021. The Board has also confirmed the reinstatement of the final dividend that will compensate for the earlier non-payment of the interim dividend. We continue to see oppor ....
08 Jul 2021
In-line FY21E trading update
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In-line FY21E trading update
Avingtrans plc (AVG:LON) | 390 0 0.0% | Mkt Cap: 129.1m
- Published:
08 Jul 2021 -
Author:
Richard Hickinbotham -
Pages:
3
Avingtrans has issued a year end update confirming that FY21E trading is at least in-line with market expectations. The statement highlights a strong net cash position (excluding IFRS 16 lease liabilities) in excess of £23m (2020: net debt £7.4m) that benefited from the disposal of Peter Brotherhood for £30.6m (net) in March 2021. The Board has also confirmed the reinstatement of the final dividend that will compensate for the earlier non-payment of the interim dividend. We continue to see oppor ....