Aukett Swanke continues to forecast full-year loss amid slow performance
Source - SMW
Aukett Swanke Group, an international group of architects, interior designers and engineers, said Friday it expected to post a full-year loss as slow performance continued in the first half of the year.
'Whilst we have won new instructions in each of our geographies the progress through the early stages of each has been intermittent resulting in revenues increasing only slightly compared with the first half of the year, Aukett Swanke Group said.
The company continued to reduce its operating costs, but this would likely be offset in part by the one-off cost of moving its London studio in the second half.
The group held cash and cash equivalents balances of £0.694m, up from £0.317m seen at the March-end.