Northbridge’s AGM statement reiterates its 18 April preliminary results in stating that market conditions in Oil & Gas remains challenging and “it is still too early to forecast any material changes to the likely full year out turn”. We are not changing our estimates of positive EBITDA but an underlying loss before tax of £1m for 2016. However, the statement emphasised the potential benefits of its operational gearing and strengthened balance sheet when the market
27 May 2016
No change to outlook in AGM update
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No change to outlook in AGM update
- Published:
27 May 2016 -
Author:
Alastair Stewart -
Pages:
2
Northbridge’s AGM statement reiterates its 18 April preliminary results in stating that market conditions in Oil & Gas remains challenging and “it is still too early to forecast any material changes to the likely full year out turn”. We are not changing our estimates of positive EBITDA but an underlying loss before tax of £1m for 2016. However, the statement emphasised the potential benefits of its operational gearing and strengthened balance sheet when the market