CLS will report its 2016 interim results on Wednesday 17 August. Following Brexit we believe that investors will probably focus more attention on the outlook than the historical performance. Whilst understandable given the downward pressure on property values, offset to some extent by the positive impact of currency, we think that this would overlook what we believe will be a good H1 performance. We are forecasting Group Revenue at £52.0m (+4%) and Operating profit at £94.6m (+9%)

19 Jul 2016
Panmure Morning Note 19-07-2016

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Panmure Morning Note 19-07-2016
CLS Holdings plc (CLI:LON) | 63.4 0.1 0.3% | Mkt Cap: 252.6m
- Published:
19 Jul 2016 -
Author:
Barrie Cornes -
Pages:
4 -
CLS will report its 2016 interim results on Wednesday 17 August. Following Brexit we believe that investors will probably focus more attention on the outlook than the historical performance. Whilst understandable given the downward pressure on property values, offset to some extent by the positive impact of currency, we think that this would overlook what we believe will be a good H1 performance. We are forecasting Group Revenue at £52.0m (+4%) and Operating profit at £94.6m (+9%)