Plus   Neg

Senior Plc Posts Loss In H1 - Quick Facts

Senior Plc (SNR.L) reported a loss before tax of 136.3 million pounds for the half-year ended 30 June 2020 compared to profit of 26.5 million pounds, previous year. Loss per share was 26.32 pence compared to profit of 5.16 pence. Adjusted profit before tax decreased to 3.6 million pounds from 40.7 million pounds. Adjusted earnings per share was 0.72 pence compared to 7.71 pence. The Group noted that its results were significantly impacted by COVID-19 and 737 MAX.

First half revenue declined year-on-year to 409.0 million pounds from 580.4 million pounds. Excluding the favourable exchange rate impact, Group revenue decreased by 30.2%, with revenue lower in both Aerospace and Flexonics year-on-year.

Senior Plc noted that, in the current operating environment, the Board believes it is not appropriate to pay an interim dividend.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Santa Cruz Bicycles LLC has recalled certain model year 2020 bicycles with aluminum frames citing fall risks, according to the U.S. Consumer Product Safety Commission. The recall involves about 2,900 units of model year 2020 Auminum Santa Cruz and Juliana Bicycles. In addition, about 216 were sold in Canada. AstraZeneca is mulling an additional global trial to confirm the 90% efficacy rate of its Covid-19 vaccine candidate at lower dosage, Bloomberg news quoted Chief Executive Officer Pascal Soriot as saying. In an interview, Soriot noted that instead of adding the trial to an ongoing U.S. process, the company might launch a fresh study to evaluate efficacy of lower dosage of its vaccine that perform U.S. airline Delta Air Lines, Inc. and its Italian codeshare partner Alitalia are planning to launch quarantine-free, COVID-free flights between U.S. and Europe through new testing protocols, starting in December. In a statement, Delta said it has signed deals with airports and governments eliminating quarantine requirements on COVID-tested flights connecting Atlanta and Rome.
Follow RTT