Aukett Swanke Group PLC Trading Statement
RNS Number : 6415E
Aukett Swanke Group PLC
09 November 2020
9 November 2020
Aukett Swanke Group Plc
Aukett Swanke Group Plc ("the Group"), the international group of architects, interior designers
and associated engineers is pleased to provide the following update in respect of the financial
year ended 30 September 2020.
The Group returned to profitability in the first half. However, Covid-19 has impacted the
second half year such that the Group now expects to report a small loss for the full year,
subject to any material audit adjustments.
Cash management has been strong with cash balances at 30 September 2020 of GBP992,000 (2019:
GBP1,145,000). After deducting the final balance due on the Group's long-term loan, net funds
increased to GBP837,000 (2019: GBP820,000).
Whilst the Board is comfortable with the Group's response to the ongoing pandemic, in terms
of cost containment, it remains cautious on the pace and scale of future projects.
The Group expects to release the audited results for the year ended 30 September 2020 during
Aukett Swanke Group PLC - 020 7843 3000
* Nicholas Thompson, Chief Executive Officer
* Antony Barkwith, Group Finance Director
Arden Partners Plc 020 7614 5900
* Corporate Finance: John Llewellyn-Lloyd/Benjamin
Investor /Media Enquiries
* Chris Steele - 07979 604687
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(END) Dow Jones Newswires
November 09, 2020 02:45 ET (07:45 GMT)