On lower revenue, H1 profit and dividend were both maintained. Despite a challenging H1, operations are responding to management action and despite the greater H2 weighting remains on target to achieve existing full-year expectations, with £2.0m of cost savings on track, a turnaround in Levolux performance, much lower pension deficit, reduced annual pension costs and a 10% increase in the order book. The shares have started to respond, with some improvement in post-election optimism in
04 Feb 2020
Alumasc - Interim results, cost reductions on track for the full year
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Alumasc - Interim results, cost reductions on track for the full year
Alumasc Group plc (ALU:LON) | 172 0 0.0% | Mkt Cap: 62.3m
- Published:
04 Feb 2020 -
Author:
David Buxton -
Pages:
8
On lower revenue, H1 profit and dividend were both maintained. Despite a challenging H1, operations are responding to management action and despite the greater H2 weighting remains on target to achieve existing full-year expectations, with £2.0m of cost savings on track, a turnaround in Levolux performance, much lower pension deficit, reduced annual pension costs and a 10% increase in the order book. The shares have started to respond, with some improvement in post-election optimism in