Creston has published its interim results to end September, which show flat revenues with a like-for-like 4% decline. There was, however, a step up in PBIT margin from 10.3% to 11.6%, reflecting operational efficiencies from the Unlimited initiative and other planned overhead reductions, along with some benefit from currency. The company has this morning received a cash bid of 125p per share from DBAY Advisors, which controls 28.0% of the equity, recommended by the independent directors. Our
17 Nov 2016
Interim results and agreed 125p cash bid
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Interim results and agreed 125p cash bid
Conduit Holdings Ltd. (CRE:LON) | 514 -35.9 (-1.3%) | Mkt Cap: 848.5m
- Published:
17 Nov 2016 -
Author:
Fiona Orford-Williams -
Pages:
2
Creston has published its interim results to end September, which show flat revenues with a like-for-like 4% decline. There was, however, a step up in PBIT margin from 10.3% to 11.6%, reflecting operational efficiencies from the Unlimited initiative and other planned overhead reductions, along with some benefit from currency. The company has this morning received a cash bid of 125p per share from DBAY Advisors, which controls 28.0% of the equity, recommended by the independent directors. Our