Today’s brief update from MLVN announces a significant year on year turnaround, with a PBTA loss of over £700,000 in FY 2017A shifted to just better than break-even in FY 2018A. While short of our forecast £0.4m PBTA expectation – the shortfall being ascribed by the company to unexpected issues in relation to a claim / partial recovery of costs – and to that degree disappointing, this is still a major achievement, particularly in the context of large-scale historic losses, and suggests that the ....
21 Jun 2019
Unsettled claim reduces FY 2019E outcome, whilst trading is ahead in first months of FY 2020E
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Unsettled claim reduces FY 2019E outcome, whilst trading is ahead in first months of FY 2020E
Malvern International plc (MLVN:LON) | 20.0 0 0.0% | Mkt Cap: 4.89m
- Published:
21 Jun 2019 -
Author:
Matthew Davis -
Pages:
3
Today’s brief update from MLVN announces a significant year on year turnaround, with a PBTA loss of over £700,000 in FY 2017A shifted to just better than break-even in FY 2018A. While short of our forecast £0.4m PBTA expectation – the shortfall being ascribed by the company to unexpected issues in relation to a claim / partial recovery of costs – and to that degree disappointing, this is still a major achievement, particularly in the context of large-scale historic losses, and suggests that the ....