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Hargreaves Services keeps dividend steady after swinging to profit

By BFN News | 09:26 AM | Wednesday 29 July, 2020


Industrial and property services provider Hargreaves Services swung to a profit as cost cuts offset a fall in revenue owing to the impact of the pandemic. For the year ended 31 May 2020, the company reported a pre-tax profit of £2.2m compared with a loss of £9.9m on-year, while revenue fell 26% to £222.2m. The company achieved a further 16% reduction in central costs to £3.7m. The final dividend of 4.5p was unchanged on-year following the cancellation of interim owing to Covid-19 impact, the company said. At 9:26am: (LON:HSP) Hargreaves Services PLC share price was +10p at 210p Story provided by StockMarketWire.com

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