Morgan Sindall Group expects daily net cash for the year to be higher than expected

1 min read | November 04, 2020 02:31 AM PST | By Team Kalkine Media

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Morgan Sindall Group Plc (LON:MGNS) has released trading update and the outlook for the 2020 financial year.

For the period from 1 January through to 31 October, the average daily net cash of the group was £167million, higher by £58 million than the prior year.

The group expects the average daily net cash for the full year to be more than £150 million and ahead of previous expectations.

On the operational front the group has reported that Infrastructure activities continued to trade strongly, and compared to prior year, the revenue and margins are likely to be higher.

On 4 November 2020, the stocks of the company improved by 3.95% from its previous closing, hovering at around GBX 1,210.00 at 08:11 AM GMT+1.

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