28 March 2018 – trading update
The project management and consulting group has issued a trading statement for the year to 31 March confirming that trading is in line with expectations with revenue for the year expected to be £155m and adjusted operating profit expected to be £3.5m. The group’s order book at the end of February stood at £162m. The new financial year is likely to see revenues at a similar level although actions taken to improve efficiency should allow operating profits to increase. The share price has continued to fall and although buyers may need to be patient they could be well rewarded in the end. BUY.