Nature Group - Trading Update
AimZine Microcap Comment
Nature Group’s shares were marked down by 14% this morning following a disappointing Trading Update. On a more positive note, the Company reported that its continuing businesses were profitable in 2015 and have started 2016 well.
Nature Group (AIM: NGR) http://www.ngrp.com/ Nature Group PLC (AIM:NGR), the provider of port reception facilities and waste treatment solutions for the oil, marine and process industries, updated the market on its 2015 trading this morning. The Group reported that due to challenging and industry wide trading conditions and adjustments relating to certain receivables from prior periods, that sales will be broadly in line with market expectations BUT that profit before tax will be substantially below market expectations and the Group will post a trading loss for the year. In addition, the Company reported that it will incur non-trading write downs…