Brief: Adams Says Whilst Overall Growth Outlook In Coming Year Remains Weak

Adams

23/11/2023 07:23

Nov 23 (Reuters) - Adams PLC  ADAA.L :
    * WHILST GLOBAL ECONOMY PROVED MORE RESILIENT THAN EXPECTED
IN
FIRST HALF OF 2023, OVERALL GROWTH OUTLOOK IN COMING YEAR
REMAINS WEAK
    * OVERALL GROWTH OUTLOOK IN COMING YEAR REMAINS WEAK & IS
WEIGHED
DOWN BY STILL HIGH INFLATION, INTEREST RATES MAY REMAIN HIGHER
FOR LONGER
    * DIFFICULT &  VOLATILE FINANCIAL MARKET CONDITIONS
SUBSEQUENT TO
OUR SEPT 30 HY END ADVERSELY IMPACTED ADAMS'S INVESTMENT
PORTFOLIO
    * NET PROFIT OF £0.29 MILLION FOR SIX MONTHS ENDED 30
SEPTEMBER
2023 COMPARED TO A LOSS OF £1.03 MILLION

Source text for Eikon:  ID:nRSW3893Ua 
Further company coverage:  ADAA.L 

 ((Reuters.Briefs@thomsonreuters.com;))