The group’s half-year period end trading update points to results expected to be significantly below expectations. Revenue growth in H1 was 20%, with contracted revenue for the remainder of the current financial year at £13m. Some delay has been experienced in concluding additional contracts with a major existing customer, which is beyond the company’s control. We therefore downgrade expectations, with 2018 expected to record a small adjusted PBT loss, with profits achieved
30 Apr 2018
H1 trading update
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
H1 trading update
Velocity Composites Plc (VEL:LON) | 29.5 0 0.0% | Mkt Cap: 15.8m
- Published:
30 Apr 2018 -
Author:
David Buxton -
Pages:
8
The group’s half-year period end trading update points to results expected to be significantly below expectations. Revenue growth in H1 was 20%, with contracted revenue for the remainder of the current financial year at £13m. Some delay has been experienced in concluding additional contracts with a major existing customer, which is beyond the company’s control. We therefore downgrade expectations, with 2018 expected to record a small adjusted PBT loss, with profits achieved