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Van Elle trades 'slightly ahead' of mid-case scenario
27th Jul 2020 09:45
(Sharecast News) - Ground engineering contractor Van Elle Holdings said on Monday that it has continued to trade "slightly ahead" of the mid-case scenario outlined at the time of its equity fundraising in April.
Van Elle highlighted that group liquidity remained "strong", with a cash position of roughly £10m as of 24 July after having paid £2m of deferred PAYE payments to HM Revenue and Customs.
The AIM-listed group also said it would announce its preliminary results for the year ended 30 April on 20 August, when it will also provide an update on the first quarter's trading.
As of 0945 BST, Van Elle shares were down 2.86% at 30.60p.
Van Elle highlighted that group liquidity remained "strong", with a cash position of roughly £10m as of 24 July after having paid £2m of deferred PAYE payments to HM Revenue and Customs.
The AIM-listed group also said it would announce its preliminary results for the year ended 30 April on 20 August, when it will also provide an update on the first quarter's trading.
As of 0945 BST, Van Elle shares were down 2.86% at 30.60p.