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Diploma Plc Projects FY Adj. Operating Profit In Line With Market View

Diploma Plc (DPLM.L) issued a trading update for the year ending 30 September 2020. The Group said it has delivered a resilient trading performance and adjusted operating profit for the full year is expected to be in line with market expectations.

The Group's third quarter was impacted by the COVID-19 crisis with revenues down 12% on a reported basis and down 21% on an underlying basis. Diploma Plc stated that its performance started to recover in June and has continued into the fourth quarter, with revenues steadily improving in July, down 4% on a reported basis and down 10% on an underlying basis.

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