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Investor CEPS Warns On Interim Performance As Some Units Struggle

(Alliance News) - Small to medium-sized business investor CEPS PLC on Tuesday warned interim ...

Alliance News 20 August, 2019 | 1:51PM
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(Alliance News) - Small to medium-sized business investor CEPS PLC on Tuesday warned interim performance has been "materially" behind expectations, with some investments struggling.

The firm said sports memorabilia firm Aford Awards, stretch fabrics retailer Friedman's, and construction inspector Hickton/BRCS all have met expectations, or exceeded them, but wallpaper and fabric sample book maker CEM has "significantly" increased its loss for the six months to June.

This, CEPS said, is due in part to integration and rationalisation costs.

Further, footwear firm Davies Odell has performed below budget, showing a "small" interim loss, though it returned to profitability in June.

CEPS shares were untraded on Tuesday afternoon in London, last closed at 30.00 pence each.

By George Collard; georgecollard@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
CEPS PLC 27.00 GBX 5.88 -

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