Insimbi warns of profit slump amid Covid-19 and US-China tension
The alloys supplier says commodity prices and market volatility weighed on its profits in its year to end-February
16 July 2020 - 10:53
Small-cap metal alloys supplier Insimbi has warned of a profit drop in its year to end-February, when Covid-19 and geopolitical tension weighed on global markets and commodity prices.
The group expects headline earnings per share (Heps) to fall as much as 28% from the prior comparative period’s 13.52c, saying in a trading update it had experienced higher operating expenses and interest costs...
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