Alumasc says board鈥檚 expectations remain unchanged
黑洞社区 products firm Alumasc said pre-tax profit and revenue were down in the first half.
But it said the seasonal trading bias towards its second half meant the board鈥檚 expectations were unchanged.
Pre-tax profit slipped to 拢2.1m from 拢3.4m in the six months to December 2019 while revenue was down 7% to 拢41.1m.
The firm, which has previously carried out work at the Laing O鈥橰ourke-built Francis Crick Institute (pictured) in London鈥檚 King鈥檚 Cross, said the profit fall was down to the gain it made on the sale of its facades business for 拢4.5m to Northern Irish firm Kilwaughter Minerals in November 2018.
Alumasc said its order book for the first half was up 拢3m to 拢23.6m, adding that a restructuring initiative begun last year was expected to make 拢2m of savings in its full year to June.
No comments yet