Yesterday’s Covid-19 update from construction and engineering services company nmcn confirms that the majority of its water and built environment activities are designated as critical to the Covid-19 response and that it continues to work on projects where safe to do so. However, given the uncertainty it has suspended financial guidance and will not be recommending a final dividend for FY 2019E, among measures to preserve its strong net cash and “emerge as a strong contender in its markets”.
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‘Critical’ to UK’s Covid-19 response
- Published:
15 Apr 2020 -
Author:
Alastair Stewart -
Pages:
3
Yesterday’s Covid-19 update from construction and engineering services company nmcn confirms that the majority of its water and built environment activities are designated as critical to the Covid-19 response and that it continues to work on projects where safe to do so. However, given the uncertainty it has suspended financial guidance and will not be recommending a final dividend for FY 2019E, among measures to preserve its strong net cash and “emerge as a strong contender in its markets”.