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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Associated British Engineering Plc | LSE:ASBE | London | Ordinary Share | GB0007395642 | ORD 2.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 15.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Engineering Services | 16k | -59k | -0.0288 | -5.21 | 307.35k |
TIDMASBE
RNS Number : 4835I
Associated British Engineering PLC
30 May 2014
For immediate release 30(th) May 2014
ASSOCIATED BRITISH ENGINEERING PLC
Trading Update for the year to 31(st) March 2014.
The Board of Associated British Engineering Plc reports that British Polar Engines Ltd, its principal operating subsidiary is continuing to trade profitably but the out turn for the financial year ending 31(st) March 2014 will be materially below budget.
Furthermore Akoris Trading Ltd, in which an investment was announced in January 2013 has yet to trade and the Board has resolved to write down the investment by GBP262,000. While a not insignificant sum it amounts to less than 10% of the net liquid assets available to the Group.
David Brown
Chairman
Contacts;
David Brown, Associated British Engineering PLC 0044 781 418603 Colin Weinberg, Associated British Engineering PLC 07836 588 504 Peter Morton, Associated British Engineering PLC 01223 260022
This information is provided by RNS
The company news service from the London Stock Exchange
END
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