Macfarlane Group Plc sales revenue improves by 4% for period 30 June 2019 to 31 October 2019

  • Nov 20, 2019 GMT
  • Team Kalkine
  • Macfarlane Group Plc (MACF) has announced an update on trading for the period from 30 June 2019 to 31 October 2019.
  • The company reported that Sales revenue has improved by 4 per cent in the year to date, though the Sales revenue was getting impacted by the weaker demand and by price deflation being discussed in the UK.
  • The sales revenue decline is being offset by management action to improve gross margins and reduce overhead costs
  • The Group profit before tax continue to remain better than the corresponding period in 2018, and the two acquisitions made in 2019 keeps on performing well.

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