Cashbuild warns of profit plunge
Heps in the building retailer’s year to end-June could fall as much as 41%, partially due to accounting changes
24 August 2020 - 10:22
Building materials retailer Cashbuild has warned of a sharp drop in profits for its year to end-June, partially due to the effect of accounting changes that bring leases onto the balance sheet.
Reported headline earnings per share (Heps) is expected to fall 36%-41% from 1,910.4c previously, the group said in a trading update...
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