Northbridge’s results for the six months to June were very encouraging, with revenues falling just 4.5% and adj. PBT maintained at break-even. While the pandemic reduced higher margin hire revenues, the performance of the Group’s North American operations represented particularly good news. Recovery commenced from August within hire and the strong manufacturing order book translated to revenues from Q2. We anticipate normal trading levels resuming from FY21. We have re-introduced
30 Sep 2020
Proving the doubters wrong
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Proving the doubters wrong
- Published:
30 Sep 2020 -
Author:
David O’Brien -
Pages:
15
Northbridge’s results for the six months to June were very encouraging, with revenues falling just 4.5% and adj. PBT maintained at break-even. While the pandemic reduced higher margin hire revenues, the performance of the Group’s North American operations represented particularly good news. Recovery commenced from August within hire and the strong manufacturing order book translated to revenues from Q2. We anticipate normal trading levels resuming from FY21. We have re-introduced