Trading over the year has been in line with expectations and, as a result, PBT is expected to be in line with market forecasts. The loss of profit due to floods is expected to be fully covered, both in this period and in the new financial year when materiality will increase. An interim insurance payment is anticipated, which could be £5m+ in light of the costs/losses incurred to date. Their insurance cover should ensure that PBT projections for FY’17 also remain unchanged but we are mindful that ....
03 Feb 2016
Trading and flood recovery work on track, including insurer claim
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Trading and flood recovery work on track, including insurer claim
Sanderson Design Group PLC (SDG:LON) | 103 -1 (-1.0%) | Mkt Cap: 73.9m
- Published:
03 Feb 2016 -
Author:
Matthew McEachran -
Pages:
4
Trading over the year has been in line with expectations and, as a result, PBT is expected to be in line with market forecasts. The loss of profit due to floods is expected to be fully covered, both in this period and in the new financial year when materiality will increase. An interim insurance payment is anticipated, which could be £5m+ in light of the costs/losses incurred to date. Their insurance cover should ensure that PBT projections for FY’17 also remain unchanged but we are mindful that ....