An in-line year end update pointed to an improved H2 trading period for UK based operations and good ongoing progress in South Africa. Full details on underlying profit trends will come with the FY17 results but we feel that the business is performing well in its markets and this is not being fully reflected in the company’s valuation.
18 Apr 2017
Solid H2 performance
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Solid H2 performance
Norcros plc (NXR:LON) | 177 -0.9 (-0.3%) | Mkt Cap: 158.4m
- Published:
18 Apr 2017 -
Author:
Toby Thorrington -
Pages:
3
An in-line year end update pointed to an improved H2 trading period for UK based operations and good ongoing progress in South Africa. Full details on underlying profit trends will come with the FY17 results but we feel that the business is performing well in its markets and this is not being fully reflected in the company’s valuation.