FY21 results were delayed due to seeking reassurances over an investigation into its principle customer’s operations in Oman. These assurances have been sought and the results confirm adj. PBT of £2.0m, in line with expectations and as flagged in the October update. Net cash of £6.5m is also in line with that flagged in the update. After a material improvement in activity levels during Q4, Q1 softened. Despite this, a material improvement in earnings performance is expected in the current year. ....
24 Jan 2022
Forecasting a strong earnings recovery despite soft Q1
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Forecasting a strong earnings recovery despite soft Q1
Driver Group Plc (DRV:LON) | 24.5 0 0.0% | Mkt Cap: 12.9m
- Published:
24 Jan 2022 -
Author:
Greg Poulton -
Pages:
3
FY21 results were delayed due to seeking reassurances over an investigation into its principle customer’s operations in Oman. These assurances have been sought and the results confirm adj. PBT of £2.0m, in line with expectations and as flagged in the October update. Net cash of £6.5m is also in line with that flagged in the update. After a material improvement in activity levels during Q4, Q1 softened. Despite this, a material improvement in earnings performance is expected in the current year. ....