H.C. Slingsby Faces Challenging Financial Year

HCSlingsby plc (GB:SLNG) has released an update.

H.C. Slingsby PLC, an industrial and commercial equipment distributor, reports a significant downturn with an unaudited loss before tax of £0.53m for the nine months ending September 2024, compared to a profit of £0.27m in the same period last year. Sales have dropped by 8% year-over-year, attributed to customers cutting back due to increased costs and economic uncertainties. The company’s net debt also rose to £0.36m, signaling a cautious outlook for the financial year’s remainder.

For further insights into GB:SLNG stock, check out TipRanks’ Stock Analysis page.