We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Esken Limited | LSE:ESKN | London | Ordinary Share | GB00B03HDJ73 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.08 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trucking, Except Local | 120.68M | -25.24M | -0.0247 | -0.03 | 816.59k |
TIDMESKN
RNS Number : 4613N
Esken Limited
30 September 2021
30 September 2021
Esken Limited
("Esken" or "the Group")
Trading update
Esken, t he aviation and energy infrastructure group, issues the following update on trading ahead of the publication of its interim results for the six months to 31 August 2021, which will be announced on 3 November 2021.
Energy
The Energy Division is trading in line with management's expectations, returning to pre-COVID-19 levels of profitability and cash generation, with all the plants that it supplies fully operational. It is benefitting from improved gate fees and increased wood supply from the construction sector.
Aviation
The Aviation Division, in line with the industry as a whole, and as anticipated, continues to feel the effects of the pandemic's impact on travel. Therefore, the decision taken alongside our airline partners to delay the restart of commercial passenger operations to Spring 2022 will further allow LSA to minimise operating expenditure and maintain tight cost control. LSA continues to retain GBP19.7m of ring fenced cash following the completion of Esken's refinancing and management remain confident in their continuing discussions with airlines ahead of the beginning of the Summer schedule for 2022. The Global Logistics Operation generated a contribution in the period under review which partially offset the impact of reduced passenger operations.
Balance sheet and liquidity
Following the successful completion of the capital raise and refinancing, the Group had GBP90.5m of liquidity available to it at the half year, which is ahead of management expectations and includes GBP19.7m of ring-fenced cash in LSA, and a GBP20m undrawn Revolving Credit Facility.
Enquiries:
Esken Limited Charlie Geller, Communications Director C/O Tulchan Communications Tulchan Communications 020 7353 4200 Olivia Peters/David Allchurch esken@tulchangroup.com
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
TSTLLMLTMTATBRB
(END) Dow Jones Newswires
September 30, 2021 02:00 ET (06:00 GMT)
1 Year Esken Chart |
1 Month Esken Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions