Housebuilder Inland Homes (INL) reported revenues of £101.9 million for the year ended 30th June, a 10.77% drop from the previous year caused primarily by the deferral of a number of projects. Profits before tax dropped from £34 million to £32.9 million. Rental income on the group's portfolio rose by 165%, but this still constitutes a relatively small portion of total revenues. The shares dropped by 2.18% to 61.63p. Printing firm Grafenia (GRA) saw its shares plunge 11.11% to 9p after it published an update discussing the six months to 30th September. Intense competition in the sector means that trading in recent months has been below the same period of 2015 and, despite September edging closer to budgeted levels, there will need to be significant improvements in trading during the second half for the firm to hit its targets. Monday's news today Avacta (AVCT) will publish its final results. Quote of the day "Plans are nothing; planning is everything." - Dwight D. Eisenhower |
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