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Midland IC&I Ltd Comments On H1 2013 Net Profit Guidance

Wednesday, 3 Jul 2013 12:01am EDT 

Midland IC&I Ltd announced that the financial performance of the Company in the first half of 2013 is expected to be adversely affected by (i) the upward pressure in operating costs when compared to that for the corresponding period in 2012; and (ii) the sharp slowdown in the growth of non-residential property market sales activity during the first hal of 2013. Based on the preliminary assessment of the Company's unaudited management accounts for the five months ended 31 May 2013, it is expected that the consolidated net profit of the Company for the first half of 2013 is likely to decline significantly as compared to that for the corresponding period in 2012. 

Company Quote

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31 Oct 2014