Full-year results naturally show the effects of the lockdown in the final quarter, but the effects have been contained by swift management action on costs and cash preservation. The current year has started strongly, with July posting a record month and trading momentum in the building products sector showing decent recovery momentum. In addition, it has generated £2.4m of cost savings assisting profit recovery. Given the recovery in trading and profit drop through, but mindful of poten
08 Sep 2020
Alumasc - Full-year results, recovery builds and forecasts restored
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Alumasc - Full-year results, recovery builds and forecasts restored
Alumasc Group plc (ALU:LON) | 172 0 0.0% | Mkt Cap: 62.3m
- Published:
08 Sep 2020 -
Author:
David Buxton -
Pages:
6
Full-year results naturally show the effects of the lockdown in the final quarter, but the effects have been contained by swift management action on costs and cash preservation. The current year has started strongly, with July posting a record month and trading momentum in the building products sector showing decent recovery momentum. In addition, it has generated £2.4m of cost savings assisting profit recovery. Given the recovery in trading and profit drop through, but mindful of poten