MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above

Redhall losses deepen following contract delays

Manufacturing company Redhall Group said its first-half losses deepened after contract delays sapped revenue.

Net losses for the six months through March amounted to £2.4m, compared to a loss of £784m on-year.

Revenue fell 23% to £14.7m, following delays in the timing of the Hinkley Point nuclear project contract awards and by progress on other contracts.

The company didn't pay an interim dividend.

'Our order book and pipeline provide us with confidence for the group's future as a leading player in our core nuclear defence, decommissioning and new build markets,' the company said.

'We also see strong demand for our food process manufacturing and installation and mobile networks businesses.'

'We remain focused on winning work in these sectors, and in other key infrastructure markets, with the objective of returning Redhall to meaningful levels of profitability.'

Story provided by