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Dixons Carphone DC has found UK mobile profitability challenging during the half year to the 28th October to such an extent that it needs addressing which is really as good as admitting that they have not bothered to do so yet. Black Friday trading was at record levels in all geographies, without any explanation as to what a geography is .- at a guess it could mean “country”. Statutory profit before tax fell from £111m. to £42m. and statutory basic earnings per share were down from 8.1p per share to 3.3p. The day was saved by a strong performance in electricals with like for like revenue up by 7% creating growing profitability and market share. The interim dividend remain unchanged.
Serco Group SRP predicts strong profit growth for 2018 and 2019 after strong order intake of over 3bn for the current year. Profit performance for the current year is expected to be around the top end of previous guidance, whilst net debt will be at the lower end.
Wood Group (John) plc WG updates that so far this year its core oil and gas markets have continued to pesent challenges which have been offset by growth elsewhere. The integration of Amec Foster Wheeler which was completed on the 9th October is progressing ahead of schedule, as are planned cost cuts. Customer reaction has been positive and momentum has been gained in contract awards.
Parity Group plc PTY Like for like operating profit for the year to the end of December is expected to be ahead of previous guidance and underlying operating profit is expected to show double digit growth. Net debt has been cut by more than two thirds over the 18 Months to to the 30th June, down from £7.5m to £2.3m.
Safestyle UK plc SFE Updates that demand has weakened further since the interim results were announced in September and in the three months to the 30th November sales volume fell by a further 6.8% and sales value by 0.3%. Fourth quarter sales will now be below their already reduced expectations. Margins have been impacted by increases increases in he cost of sales, competition and the disruption which is at present being caused by December’s severe weather. Underlying profit before tax for the full year will be below current market expectattions, down to at lest £15m