NMCN PLC Progressive publishes new research
August 07 2020 - 1:04AM
RNS Non-Regulatory
TIDMNMCN
NMCN PLC
07 August 2020
Dividends return amid improving confidence
Construction and engineering services company nmcn's decision to reinstate dividends demonstrates,
in our view, the Group's confidence in prospects following a largely promising first half,
which was disrupted by Covid and operational challenges on the completion of a major infrastructure
scheme. We are reintroducing estimates that assume a return to revenue growth and margin recovery,
fuelled by the PM's pledge to "build, build, build" across several of nmcn's core infrastructure
and building sectors.
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