Plastics Capital plc has provided a trading update for the year to March 2018 stating that trading is expected to be broadly in line with market expectations. We take this to mean that adjusted EBITDA and profit before tax will be marginally lower than our forecasts and have assumed a reduction of 4% and 7% respectively below the level we indicated in March. Not for the first time, the difficulty of forecasting order off-take in the Bearings business has triggered the modest reduction in expecta ....
02 May 2018
FY17/18 results expected to be broadly in line
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FY17/18 results expected to be broadly in line
Synergia Energy Ltd (SYN:LON) | 0.1 0 6.7% | Mkt Cap: 12.8m
- Published:
02 May 2018 -
Author:
Ian Jermin -
Pages:
3
Plastics Capital plc has provided a trading update for the year to March 2018 stating that trading is expected to be broadly in line with market expectations. We take this to mean that adjusted EBITDA and profit before tax will be marginally lower than our forecasts and have assumed a reduction of 4% and 7% respectively below the level we indicated in March. Not for the first time, the difficulty of forecasting order off-take in the Bearings business has triggered the modest reduction in expecta ....