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Gattaca swings to loss, halves dividend as technology business underwhelms

By BFN News | 09:57 AM | Thursday 19 April, 2018


Gattaca, specialist Engineering and Technology recruitment business, slashed its dividend after swinging to a first half pre-tax loss. The firm halved its interim dividend to 3p per share from 6p. The firm reported a statutory pretax loss of £12.7m compared with a profit of £5.2m in the previous year. Despite trading in line with expectations in February and March, Gattaca warned profit before tax for the full year will be 15% below its previous expectations weighed by changes in its technology division and other pressures. The company said profits were weighed by a 17.1m impairment charge due to the continued underperformance of its technology division. At 9:57am: (LON:GATC) Gattaca PLC share price was -47.75p at 145.25p Story provided by StockMarketWire.com

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