Fleetwood: Interim result 2016

A poor result demands more patience from investors.

We have been waiting for a turnaround from Fleetwood for some time and, judging from the interim result, investors will need to remain patient. The numbers show little improvement in profit although progress has been made in fixing loss making operations.

As flagged earlier in the year, a contractor dispute dragged the result to a loss of $5m compared to a profit of $4m for the same period last year.

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