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SDY Speedy Hire News Story

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IndustrialsSpeculativeSmall CapValue Trap

UK's Speedy Hire drops after co swings to interim loss

** Construction and industrial tools provider Speedy Hire's
 SDY.L  shares fall as much as 10.51% to 27.95p, lowest level
since May 13
    ** Co reports HY loss before tax of 2.2 mln pounds ($2.78
million) vs profit before tax of 5.6 mln pounds a year ago
    ** Posts HY revenue of 203.6 mln pounds vs 208.5 mln pounds
a year ago
    ** Stock currently down 5%, taking YTD losses to ~16.41%


($1 = 0.7915 pounds)

 (Reporting by Megha Kumari in Bengaluru)
 ((Megha.kumari@thomsonreuters.com))

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