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PipeHawk posts small annual profit, citing 'faffing around Brexit"

By BFN News | 07:36 AM | Wednesday 23 October, 2019


Engineering group PipeHawk swung to a small annual profit after delayed orders started flowing again, though it said Brexit uncertainty was still harming its business. Pre-tax profit for the year through June amounted to £12k, compared to a loss of £502k on-year. Revenue rose 40% to £6.7m. 'The politicians faffing around with Brexit has undeniably had an effect on this year's results and to some extent continues to do so,' chairman Gordon Watt said. 'However, UK business has generally had to move on, and delayed orders have eventually been placed such that we have had a very reasonable second half of the year.' Story provided by StockMarketWire.com

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