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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Aukett Swanke Group Plc | LSE:AUK | London | Ordinary Share | GB0000617950 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.10 | 6.06% | 1.75 | 1.70 | 1.80 | 1.75 | 1.65 | 1.65 | 936,000 | 08:21:47 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Architectural Services | 8.58M | -2.28M | -0.0138 | -1.27 | 2.89M |
From May 2019 to May 2024
TIDMAUK
RNS Number : 0597D
Aukett Swanke Group PLC
05 October 2018
Aukett Swanke Group Plc
Post period end trading update
Aukett Swanke Group Plc (the "Group") the international group of architects, interior designers and engineers, today provides an update on trading for the twelve months to 30 September 2018.
In our Interim Statement in June we referred to the Group expecting to make a loss for the year ended 30 September 2018. This continues to be our expectation. Trading in the second six months continued to be slow and whilst we have won new instructions in each of our geographies the progress through the early stages of each has been intermittent resulting in revenues increasing only slightly compared with the first half of the year. We have continued to reduce our operating costs, a process which was underway in the first half, albeit the benefit during FY18 will be offset in part by the one off cost of moving our London studio in the second half.
Despite the adverse trading position our cash management has been effective and at 30 September the Group held cash and cash equivalents balances of GBP694k (31 March 2018 - GBP317k) with no secured bank overdrafts (31 March 2018 - GBP713K). After accounting for the 5 year secure bank loan balance of GBP552k (31 March 2018 - GBP628k) net funds stood at GBP142k (31 March 2018 - net debt GBP311k).
Enquiries
Aukett Swanke Group Plc - 020 7843 3000
Nicholas Thompson, Chief Executive Officer
Beverley Wright, Chief Financial Officer
finnCap - 020 7220 0500
Corporate Finance: Julian Blunt; Giles Rolls / Corporate Broking: Alice Lane
Investor/Media enquiries -07926 054111
Ben Alexander
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
TSTLFFLFILLSIIT
(END) Dow Jones Newswires
October 05, 2018 02:00 ET (06:00 GMT)
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