UK's Harland & Wolff Group drops as losses widens on higher costs

Harland & Wolff group

08/09/2023 09:35

** Harland & Wolff Group Holdings' shares  HARL.L  down as
much as 13.1% at 13.2p 
    ** Co, focused on infrastructure projects and physical asset
lifecycle management, posted H1 core loss of 15.9 mln pounds 
($19.86 mln) vs 12.7 mln pounds last year 
    ** Revenue increases 65% to 25.53 mln pounds in first half
of 2023
    ** Co's H1 net debt was 88.53 mln pounds as of June 30 vs
19.74 mln pounds a year earlier
    ** HARL reiterates its revenue guidance for FY24 of 200 mln
pounds
    ** Up to Thursday's close, stock down ~14% YTD

    
   


($1 = 0.8005 pounds)

 (Reporting by Khushi Mandowara in Bengaluru)
 ((Khushi.Mandowara@thomsonreuters.com;))