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Gattaca sees profits 'slightly' above market expectations

By BFN News | 09:13 AM | Tuesday 06 August, 2019

Gattaca said it expected underlying pre-tax profits to be slightly above market expectations and net debt also lower than expected levels. The positive outlook comes as net fee income growth both in UK Engineering and its International businesses was partially offset by UK Technology. Group NFI was expected to be £71.4m, in line with prior year on an underlying basis, with UK Engineering growing 5% for the year on the prior year, International 3% but UK Technology declined 19%. 'Benefits of the planned restructuring we undertook in H1 began to feed through towards the end of the period,' the company said. The company said it expected that underlying pre-tax profits would be slightly above market expectations. At 9:13am: (LON:GATC) Gattaca PLC share price was -4.5p at 144p Story provided by

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