MLVN has delivered H1 results in line with its July pre-close announcement, reflecting the reshaping of the group over the past eighteen months, coupled with a positive trading update. As previewed in July, H1 has delivered a small overall loss. However, support for H2 from the busy summer period is aligned to our FY forecast of profitability, which we leave unchanged. As previously updated, the London business has proved the turnaround by moving into profit. Singapore is performing ahead YoY
13 Sep 2018
H1 results in line; business continuing to progress
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H1 results in line; business continuing to progress
Malvern International plc (MLVN:LON) | 22.5 0 0.0% | Mkt Cap: 5.50m
- Published:
13 Sep 2018 -
Author:
Matthew Davis -
Pages:
4
MLVN has delivered H1 results in line with its July pre-close announcement, reflecting the reshaping of the group over the past eighteen months, coupled with a positive trading update. As previewed in July, H1 has delivered a small overall loss. However, support for H2 from the busy summer period is aligned to our FY forecast of profitability, which we leave unchanged. As previously updated, the London business has proved the turnaround by moving into profit. Singapore is performing ahead YoY