StockMarketWire.com - Epwin Group said it expected that adjusted profit before tax for both the first half and the full year to be in line with market expectations even as the group's key markets remained weak.

The group's key markets remain weak, with the key RMI market widely reported to have contracted in the first half of 2019 and the overall UK macro-economic backdrop continuing to be uncertain, with low consumer confidence and low real wage growth, the company said.

Revenues in the first half year fell to £140.0m from £140.5m a year earlier, in line with the Board's expectations, while like for like revenues marginally ahead of last year's.

The programme of site consolidation and efficiency improvements was progressing to plan, the company said.

'A key recent development has been the completion of a property purchase, arms length sale, lease and development agreements entered into in relation to the Group's Telford site, which are together expected to generate net additional cash in the order of £8 million for the Group during the current financial year,; the company said.


At 9:33am: [LON:EPWN] Epwin Group Plc share price was -0.4p at 72.3p



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