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 |
---|---|---|---|---|---|
Volex Plc | LSE:VLX | London | Ordinary Share | GB0009390070 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.00 | 0.30% | 332.50 | 333.50 | 335.00 | 335.00 | 328.50 | 331.50 | 1,589,855 | 16:35:07 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electronic Components, Nec | 722.8M | 36.8M | 0.2031 | 16.47 | 605.97M |
TIDMVLX
RNS Number : 7994X
Volex PLC
27 February 2017
Volex plc
Trading Update
27 February 2017
Volex plc ("Volex" or the "Group"), a global provider of power and data cabling solutions, today announces a trading update for the year ending 2 April 2017. Preliminary results will be announced by Volex on 8 June 2017.
As stated at the time of our half-year results announcement in November 2016, year-to-date profitability has improved as compared to the prior year, in spite of the Group managing an anticipated decline in revenue from our largest customer.
We expect that group revenue will be at the lower-end of guidance given at the time of the half-year results in November 2016 (guidance was in the range of $320 to $330million). However, operating profit (and operating margins) before non-recurring items are expected to be ahead of the prior year and in-line with market expectations.
In addition, we have generated better than expected operating efficiencies from our restructuring actions, and expect to end the year in a net cash position.
The Board expect to announce full year operating profits (before exceptional costs and share-based payments) in the range of $8.5 million to $9.0 million (prior year $7.2million) for the year ending 2 April 2017.
For further information please contact:
Volex plc
Nat Rothschild Executive Chairman +65 6788 7833
Daren Morris Chief Financial Officer +44 203 370 8830
Liberum
Steve Pearce / Steve Tredget +44 203 100 2000
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTBGGDDDXDBGRS
(END) Dow Jones Newswires
February 27, 2017 02:00 ET (07:00 GMT)
1 Year Volex Chart |
1 Month Volex 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