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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Slingsby (h.c.) Plc | LSE:SLNG | London | Ordinary Share | GB0008138009 | ORD 25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 250.00 | 200.00 | 300.00 | 250.00 | 250.00 | 250.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| General Indl Mach & Eq, Nec | 21.56M | 380k | 0.3619 | 6.91 | 2.63M |
From Apr 2019 to Apr 2024
TIDMSLNG
RNS Number : 3471J
Slingsby(H.C.)Plc
28 June 2017
28 June 2017
H C SLINGSBY PLC
("Slingsby", "the Group" or the "Company")
Trading Update
HC Slingsby PLC, one of the market leaders in the distribution of industrial and commercial equipment, announces that at the Annual General Meeting being held at 10.00am today the Interim Executive Chairman will make the following statement.
"In the Chairman's Statement accompanying our annual results for the year ended 31 December 2016, it was reported that Group sales were 7% higher in the four months to 30 April 2017 on the corresponding period in 2016. I reported that some of this gain was due to several large orders received in 2016 but delivered in 2017. Sales for the five months to 31 May 2017, were 6% higher than the prior year with Group sales for May 2017, 2% higher than in May 2016.
The Group has maintained a similar level of gross margin compared to prior year and has decreased overheads. Accordingly, performance in the five months to 31 May 2017 is ahead of prior year. We remain encouraged by the improved trading but also cautious regarding the outlook due to the volatility experienced in the recent past.
The position as regards the composition of the Board and situation with the defined benefit pension scheme remains as previously reported.
Cash Position
The Group had net debt of GBP1.8m at 31 May 2017 compared to GBP1.75m at 31 May 2016. The Group continues to operate within its existing banking facilities and considers that it has additional funding options available should the need arise. Uncertainty remains regarding the quantum and timing of future payments to the defined benefit pension scheme."
For further information, please contact:
Hot Features
Premium
H C Slingsby plc Tel: 01274 535 030
Dominic Slingsby, Interim
Executive Chairman and
Operations Director
Morgan Morris, Financial
Director
Tel: 020 3328 5656
Allenby Capital Limited
David Worlidge / James
Thomas
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTUBANRBKANUAR
(END) Dow Jones Newswires
June 28, 2017 02:00 ET (06:00 GMT)
1 Year Slingsby (h.c.) Chart |
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