StockMarketWire.com - Northern Bear said it expected to operating profit for H1 2022 to rise above pre-pandemic levels following a good start to its new fiscal year.

For the six-month period ended 30 September 2021, the company said it expects to report operating profit, stated prior to amortization and other adjustments, in the range of £1.4 million to £1.5 million for the period, well above the £0.5 million a year earlier, and an increase on the pre-COVID comparative from H1 FY20 of £1.4 million.

As at 30 September 2021, the group had a net cash position of £0.6 million.

'Our forward order book remains strong and should support our trading performance in the coming months, subject to the ongoing supply chain and staffing challenges noted above and whilst there remains a level of uncertainty over the long-term outlook for COVID-19,' the company said.






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