Westminster Group reported a 13% increase in revenue YoY and raised gross margins to 51%, cutting the net loss by 15% YoY to £0.8m. Results are expected to be weighted to 2H22 with a number of large scale projects in the offing to add to the £3.5m in new orders already secured this year. Consequently, we maintain our current forecasts including a full year profit of £1.1m. We would expect the announcement of large scale orders to boost confidence in the equity story where the rating currently la ....
18 Aug 2022
Westminster Group* - 1H22 results – making progress, 2H22 weighted
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Westminster Group* - 1H22 results – making progress, 2H22 weighted
Westminster Group plc (WSG:LON) | 0 0 0.0% | Mkt Cap: 8.43m
- Published:
18 Aug 2022 -
Author:
Colin Smith -
Pages:
2
Westminster Group reported a 13% increase in revenue YoY and raised gross margins to 51%, cutting the net loss by 15% YoY to £0.8m. Results are expected to be weighted to 2H22 with a number of large scale projects in the offing to add to the £3.5m in new orders already secured this year. Consequently, we maintain our current forecasts including a full year profit of £1.1m. We would expect the announcement of large scale orders to boost confidence in the equity story where the rating currently la ....