Trading in 2015 likely to be ahead of previous guidance; Underlying Trading Profit
(as defined below) expected to be around 95m.
THE plumbing supplier reported a first quarter update roughly as expected but its trading profit
falling 21% to PS19m failed to impress.
It added that a strong pound had impacted trading profit
by PS30 million, but announced that its strong cash generation would see it return PS250 million to investors via a share buyback programme within the next 12 months.
9 per cent, on the year before, while trading profit
in continuing businesses, before exceptional items, rose by 3.
Fiat sharply cut its group targets for the next two years on Tuesday, saying languishing sales in austerity-hit Europe may mean its trading profit
in 2014 is a third lower than it targeted two years ago.
increased 25% to [pounds sterling]20
FINANCIAL PERFORMANCE--and growing trading profit
in particular--must validate that a practice is performing well.
The society has seen a consequent strengthening of operating margins in food stores, which has contributed significantly to the increased trading profit
However, its dessert making and ready meals division, Brookes Avana, suffered a pounds 15m fall in trading profit
and a pounds 125m goodwill writedown, which contributed to an overall pre-tax loss of pounds 98.
was down by just over 30% reflecting a first quarter loss reported by Stock and currency translation.
In a trading update yesterday, SCi said it expected to meet market expectations for a trading profit
of about pounds 25m in the past financial year, which itself was upgraded by the City from pounds 22m in May.
ICI Paints continued to deliver good results with six percent comparable sales growth and nine percent comparable trading profit
growth for the quarter, according to ICI.