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Hargreaves Services annual results in line with expectations as profits, revenue slump

By BFN News | 10:08 AM | Wednesday 01 August, 2018


Hargreaves Services reported Wednesday annual pretax profit and revenues were in line with expectations as the company continued to deliver against its strategic investments. For the 12 months to 31 May, profit before tax fell to £0.5m from £4.7m a year earlier, revenue fell to £297.1m from £342.7m. The company swung to an operating loss of £1.4m from a profit of £1.4m a year earlier. Hargreaves Services said underlying trading was 'satisfactory' and in line with management expectations. The disposal of legacy assets are expected to be completed by 31 May 2019. The final dividend was maintained at 4.5p. At 10:08am: (LON:HSP) Hargreaves Services PLC share price was -0.5p at 353.5p Story provided by StockMarketWire.com

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