In the context of the general environment, discoverIE’s year-end update is encouraging. Earnings for March 2020 are slightly ahead of expectations (we have upgraded by 2%) and previously closed facilities are now open and increasing activity rates with China seeing a V-shaped recovery. To preserve financial strength, the final dividend has been passed, but we expect only one payment to be missed given the group’s financial strength (£120m of undrawn facilities and year end c
15 May 2020
discoverIE - Encouraging performance, undiminished potential
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discoverIE - Encouraging performance, undiminished potential
discoverIE Group PLC (DSCV:LON) | 694 -27.7 (-0.6%) | Mkt Cap: 662.0m
- Published:
15 May 2020 -
Author:
Guy Hewett -
Pages:
3
In the context of the general environment, discoverIE’s year-end update is encouraging. Earnings for March 2020 are slightly ahead of expectations (we have upgraded by 2%) and previously closed facilities are now open and increasing activity rates with China seeing a V-shaped recovery. To preserve financial strength, the final dividend has been passed, but we expect only one payment to be missed given the group’s financial strength (£120m of undrawn facilities and year end c