Brief: W.H. Ireland Says A Further Fall In Headcount Is Expected After Year End

WH Ireland

27/09/2023 07:34

Sept 27 (Reuters) - WH Ireland Group PLC  WHI.L :
    * FY BASIC LOSS PER SHARE 3.29 PENCE VERSUS 0.13 PENCE
PROFIT YEAR
AGO
    * FY REVENUE FELL 17 PERCENT TO 26.7 MILLION STG
    * CHALLENGING FIRST HALF DUE TO CONTINUING VERY DIFFICULT
MARKET
BACKDROP
    * SUCCESSFUL COST REDUCTION EXERCISE COMPLETED IN SEPTEMBER
2023
TO REDUCE ANNUALISED COSTS BY C.£3.8M
    * FOLLOWING FUNDRAISE IN JULY, WE HAVE A STABLE PLATFORM TO
NAVIGATE CHALLENGING MARKETS
    * COMPLETION OF OUR COST REDUCTION PROGRAMME GIVES US
OPPORTUNITY
OF RETURNING TO A BREAK-EVEN POSITION IN REMAINDER OF FY
    * FY UNDERLYING LOSS BEFORE TAX £2.0M (FY 2022: UNDERLYING
PROFIT
BEFORE TAX OF £1.4M)
    * A FURTHER FALL IN HEADCOUNT IS EXPECTED AFTER YEAR END
FOLLOWING
COST REDUCTION EXERCISE.

Source text for Eikon:  ID:nRSa7512Na 
Further company coverage:  WHI.L 

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