Source - SMW
Building services provider Northern Bear warned of a fall in first-half earnings despite experiencing improved trading conditions in the second quarter.

Operating profit for the six months through September, stated before amortisation and other adjustments, was expected to be in the range of £1.3m-to-£1.4m, compared to the previous year's £1.7m.

Northern Bear said trading in the second quarter had been much stronger than in the first amid the commencement of some previously-delayed contracts.

However, it said the slower trading in the first quarter would still weigh on its first-half performance.

'The group continues to hold a significant order book and we expect the strong momentum in the second quarter to continue into the second half of the financial year,' Northern Bear said.

'We consider the outlook for the current financial year to remain positive, despite continued uncertainty in the macro-economic environment, and are hopeful of reporting another strong set of full year results.' 

At 8:23am: (LON:NTBR) Northern Bear PLC share price was -0.5p at 68.5p

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