Slingsby H.C (SLNG)

Sector:

Engineering

 65.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 97.50
  • 52 Week Low: 65.00
  • Currency: UK Pounds
  • Shares Issued: 1.00m
  • Volume: 0
  • Market Cap: £0.65m

HC Slingsby's shares dip as H1 profits dive

By Duncan Ferris

Date: Tuesday 07 Aug 2018

LONDON (ShareCast) - (Sharecast News) - Shares in industrial supplies firm HC Slingsby dropped on Tuesday after the company reported falling profits amid the loss of large orders.
The firm's results for the first half of the year showed a 38% drop in profit before tax to £76,000 with revenue dropping by 2% to £9.7m as large orders from the first half of 2017 failed to recur.

Additionally, interim executive chairman and operations director Dominic Slingsby he was "cautious" following lower levels of order intake throughout June.

Slingsby reported cash and cash equivalents of £1.4m at 30 June, a 40% increase over the same period the year before.

Meanwhile, group net assets have increased to £1.8m at 30 June from £0.4m at 31 December due to a reduction in the liability relating to the defined benefit pension scheme from £8.6m to £7.2m, despite the company having not paid deficit reduction contributions in the period.

As such, Slingsby has opted not to post an interim dividend.

Dominic Slingsby, interim executive chairman and operations director of the company, said: "We are pleased that the group has sustained the profitable trading performance from 2017 (prior to the non-cash asset impairment). We do however remain cautious regarding the outlook due to the volatility that we have experienced in the recent past and the competitive nature of the marketplace."

Slingsby's shares were down 6.90% at 67.50p at 1619 BST.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Slingsby H.C Market Data

Currency UK Pounds
Share Price 65.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 97.50
52 Week Low 65.00
Volume 0
Shares Issued 1.00m
Market Cap £0.65m

Slingsby H.C Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
44.52% below the market average44.52% below the market average44.52% below the market average44.52% below the market average44.52% below the market average
37.14% below the sector average37.14% below the sector average37.14% below the sector average37.14% below the sector average37.14% below the sector average
Price Trend
21.67% above the market average21.67% above the market average21.67% above the market average21.67% above the market average21.67% above the market average
46.34% above the sector average46.34% above the sector average46.34% above the sector average46.34% above the sector average46.34% above the sector average
Income Not Available
Growth
18.27% below the market average18.27% below the market average18.27% below the market average18.27% below the market average18.27% below the market average
15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average

Slingsby H.C Dividends

  Latest Previous
  Final Interim
Ex-Div 04-Jun-15 04-Dec-14
Paid 06-Jul-15 02-Jan-15
Amount 4.00p 2.00p

Trades for --2020

Time Volume / Share Price
0 @ 0.000p

Top of Page