Home >Clipper Logistics expects profit for 2019 of £20.2m
Clipper Logistics expects profit for 2019 of £20.2m
27 August 2019
The leading provider of value-added logistics solutions and e-fulfilment to the retail sector will announce its full year results for the year ended 30 April 2019 on Friday 30 August 2019.
The company says: “The Group continues to trade well, and revenue for the full year to 30 April 2019 is anticipated to be slightly ahead of current market expectations.
Clipper has pushed some contracts into FY20.
It says: “While the determination of whether the transaction should be accounted for in FY19 or FY20 is a very fine one, on balance it has been determined that the profit should be recognised in FY20. As a result of this timing impact, the Company expects to report EBIT for FY19 of £20.2m, moderately below current market expectations, with a corresponding uplift to EBIT for FY20.”