FY15 profit matched expectations despite a tough retail trading environment for all divisions. Underlying adjusted pre-tax profit was broadly in line y-o-y at £1.1m, excluding £0.4m of non-recurring costs in FY14. That reflected better performances by higher margin UK operations, lower expenses, but not yet any significant contribution from recent new client wins. These include Network Rail, British Land, a pilot project in France (set up funded by SAL in FY15), and innovative new mobile promotions kiosks (MPK) and other new retail initiatives still being scaled up.
29 Mar 2016
Recent contract wins underpin outlook
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Recent contract wins underpin outlook
SpaceandPeople plc (SAL:LON) | 80.0 0 0.0% | Mkt Cap: 1.56m
- Published:
29 Mar 2016 -
Author:
Roger Leboff -
Pages:
9
FY15 profit matched expectations despite a tough retail trading environment for all divisions. Underlying adjusted pre-tax profit was broadly in line y-o-y at £1.1m, excluding £0.4m of non-recurring costs in FY14. That reflected better performances by higher margin UK operations, lower expenses, but not yet any significant contribution from recent new client wins. These include Network Rail, British Land, a pilot project in France (set up funded by SAL in FY15), and innovative new mobile promotions kiosks (MPK) and other new retail initiatives still being scaled up.