FY17 (August) underlying PBT is expected to be in line with forecasts but the outlook for FY18 is more mixed for the UK’s leading independent toy company. The consumer market remains challenging in general and there are specific problems at Toys R Us, a significant customer, that has filed for Chapter 11 voluntary bankruptcy protection in the US with similar protection expected for Canada – the company’s other operations are not part of the proceedings. The North American subsidiaries represent ....
20 Sep 2017
FY17 PBT in line but clouds around Toys R Us
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FY17 PBT in line but clouds around Toys R Us
Character Group plc (CCT:LON) | 277 0 0.0% | Mkt Cap: 52.5m
- Published:
20 Sep 2017 -
Author:
David Johnson -
Pages:
2
FY17 (August) underlying PBT is expected to be in line with forecasts but the outlook for FY18 is more mixed for the UK’s leading independent toy company. The consumer market remains challenging in general and there are specific problems at Toys R Us, a significant customer, that has filed for Chapter 11 voluntary bankruptcy protection in the US with similar protection expected for Canada – the company’s other operations are not part of the proceedings. The North American subsidiaries represent ....