Data for 22013 and 28.8 covered the financial years ending June 22014.
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Official forecasts assume that the public sector to remain in deficit over at least the next five financial years, and that borrowing will be around GBP120bn higher over the five financial years to FY20/21compared to pre-referendum forecasts.
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The southern African nation's economy has contracted in the last two financial years.
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That amount will make up SAIL's shortfall for the next two financial years.
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Major competitors managed only 16 percent or less in their most recent financial years.
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The brand has more than doubled its own sales between its 2013 and 2017 financial years.
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Between the financial years of 2014–2015 the service's revenue fell from $46.5 million to $39.1 million.
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She writes that she warned of the 2008 financial years beforehand and sees similarly ominous signs now.
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In fact, it actually reduces the cash deficit by A$1.7 billion over the next four financial years.
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About 80 percent of that will have to be met in the next two financial years, Guha said.
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That drop would be reflected over the coming three financial years due to a three-year lease period.
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Ocado expects the agreement to be earnings neutral in the current and 2018 financial years, and increasingly accretive thereafter.
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India's domestic gas production fell 17 per cent in the two financial years to the end of March 2015.
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Admittedly, there are extremely difficult financial years ahead in an extremely difficult industry even during the best of times.
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But it failed to beat its own internal benchmark called 'Wealth added' in five of the last eight financial years.
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Public-sector banks filed 1,475 police complaints against wilful defaulters in the last three financial years, the finance minister added.
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The group expects its revenue to further decline in the next two financial years due to closure of loss-making stores.
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Borrowing over the five financial years starting FY17 is set to be around GBP13bn higher than the OBR projected in March.
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That compares with government plans to inject 450 billion rupees into state banks over the three financial years to March 2019.
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Nationwide said it accounted for more than one third of net lending in the market over its last four financial years.
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The steelmaker reported losses in the last two financial years, but has said it expects to return to profit this year.
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BHP said it was on track for productivity gains of $2.2 billion over the two financial years to the end of June 2017.
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However, in order to strengthen the tax-compliance culture, no tax amnesty has been put in effect for the financial years after 2009.
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With just 200 billion rupees of that left over the next two financial years, many fear the existing recapitalization plan will fall well short.
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India's biggest lender, State Bank of India reported 1,069 loan fraud cases in the last five financial years but did not disclose the amount.
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This summer an investigation by the Union revealed ambulances had been called to Amazon's UK warehouses 600 times during the past three financial years.
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On Wednesday, India's cabinet said it would defer the payments for the next two financial years, giving firms until April 2022 to commence payment.
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The loss for the year ended in March, in line with estimates given earlier this week, was its third in the past four financial years.
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The past two financial years have seen record profits at Europe's three biggest airline groups: Lufthansa, Ryanair and IAG, owner of British Airways and Iberia.
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Capital expenditure would be 150-13 million pounds in the 2019 and 2020 financial years, building to 190-210 million pounds thereafter, the company said.
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As a result, UEFA said, Paris St. Germain's financial results for the financial years ending in 2015, 2016 and 2017 had been within the rules.
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All fines were discounted to reflect an early settlement of the case that covered audits for the financial years ending March 2015 and March 2016.
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The sector got some respite when the government allowed mobile operators to defer upcoming spectrum payments for the next two financial years until March 2022.
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The combined deficit for the five financial years between 2016/17 and 2020/21 stood at 192.8 billion pounds compared with 216.3 billion in November's forecasts.
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PNB topped the list with 389 cases totaling 65.62 billion rupees ($1.03 billion) over the last five financial years, in terms of the total amounts involved.
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The offer represents a multiple of roughly 17 times the company's average earnings before interest, tax, depreciation and amortization (EBITDA) in the past two financial years.
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"We support the focus on debt reduction and believe this will support the resumption of the dividend in the 2017 or 2018 financial years," Davids added.
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FINANCIALS * SAA has made losses of more than 5 billion rand for each of the past three financial years, according to company documents reviewed by Reuters.
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On the outlook for inflation, the BOJ downgraded its forecasts for core CPI for the next three financial years, which was widely expected by financial markets.
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State-run banks have reported 8,670 cases of fraudulent loans totalling 612.6 billion rupees over five financial years up to March 31, 2017, central bank data shows.
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The airline expects to save around A$20257 billion ($210 million) over three financial years by deferring the purchases, according to a person familiar with the matter.
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HK BUDGET- GOVT SAYS IN FOUR FINANCIAL YEARS FROM 2021-2022 THE OVERALL DEFICIT IN CONSOLIDATE ACCOUNT WILL RANGE BETWEEN HK$7.4 BLN AND HK$17 BLN
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South Africa's Independent Regulatory Board for Auditors (IRBA) said on Friday it was investigating Steinhoff's auditor, Deloitte South Africa, for the audits of financial years ended 2014-2016.
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The government has introduced minor discretionary budgetary easing measures, totalling GBP26bn (around 0003% of forecast 2016 GDP) over this and the next four financial years to FY2020/21.
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On Tuesday B&O revised that target, saying it expected sales to pick up and grow by 10 percent in the 2019/20 and 2020/21 financial years.
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Takata has posted a net loss in three of the past four financial years, but it remains one of the auto industry's biggest suppliers of air bag systems.
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State-run banks have reported 8,670 cases of fraudulent loans totalling 612.6 billion rupees ($9 billion) over five financial years up to March 31, 2017, central bank data shows.
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Reuters was unable to obtain a detailed breakdown on the exact nature and method of the loan frauds the banks reported to RBI over the last five financial years.
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Policy measures announced in the Budget imply a slight fiscal loosening from the previous stance over the next three financial years, of around GBP2bn, or around 0.1% of GDP.
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The watchdog has powers to impose a penalty of up to 10% of the company's relevant turnover in the past three financial years if it agrees with the report's findings.
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The company said the new deal would reduce its cash costs for financial year 2016, as it had agreed to pay its pensions deficit over the next three financial years.
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The government has proposed giving Eskom a 59 billion rand cash injection over the next two financial years, in addition to 230 billion rand of bailouts spread over the next decade.
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The stock jumped as much as 10.6 percent as the retail giant flagged a return to profit in 2017 financial year after net income fell for the past six financial years.
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"To boost banks' capacity to absorb losses and support lending...they should not pay dividends for the financial years 2019 and 2020 until at least 1 October 2020," the ECB said.
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"To boost banks' capacity to absorb losses and support lending...they should not pay dividends for the financial years 2019 and 2020 until at least 1 October 2020," the ECB said.
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Virgin has had negative free cash flow for the last 11 financial years, according to Refinitiv data, which has led it to rely heavily on funding from equity, debt and asset sales.
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Virgin has had negative free cash flow for the last 11 financial years, according to Refinitiv data, which has led it to rely heavily on funding from equity, debt and asset sales.
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Mr. Plank has struggled to make Under Armour competitive with larger rivals, despite a surge of consumer interest in athleisure clothing, and the company ran losses in its last two financial years.
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The company also approved plans to return up to 4.5 billion pounds ($5.6 billion) to shareholders over financial years 12.93-2022, less than some analysts had expected, which pushed its shares 1.8% lower.
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Total annual contribution to TI Group Pension Scheme would fall from 16 million pounds ($22 million) in financial year 2015 to 3 million pounds each in financial years 2017 and 2018, Smiths said.
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The watchdog found that Toshiba had reported profit gains in its computer operations during the 2012-2014 financial years, when the section had not generated any profit, the newspaper reported citing unidentified sources.
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The government has promised to give Eskom a 59 billion rand cash injection over the current and next financial years, in addition to 230 billion rand of bailouts spread over the next decade.
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Australia's fourth-largest internet provider, which said the change was aimed at simplifying its business, also forecast muted growth for the next two financial years, sending its shares down as much as 6%.
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Dairy Crest said it would have to pay 12 million pounds less than previously expected into the company pension fund over the next two financial years, potentially freeing up more cash for other operations.
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In response to cries from the sector for help, the Indian government has deferred upcoming spectrum payments for the next two financial years until March 2022, raising expectations that it may provide more relief.
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The measures included the freezing of 338,000 bank accounts of inoperative companies in the last two financial years and an enactment of a law with a provision to confiscate the property of economic offenders.
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Its Russian assets have pushed Immofinanz into full-year net losses in the past two financial years due to writedowns and rent reductions that it was forced to offer tenants suffering under the weak rouble.
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Treasury has already earmarked 59 billion rand ($3.9 billion) to Eskom over the next two financial years as part of a special appropriation bill, with 26 billion rand allocated until the end of March 2020.
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The Indian regulator has powers to impose a penalty of up to 10% of the relevant turnover of a company in the last three financial years if it is found to have abused its dominant position.
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Rival Western Union, however, has kept its debt to Ebitda ratio at 3.0 times for the last two financial years while revenues increased to roughly US$5.6bn in December 2018 from US$5.52bn the year previously.
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In South Africa's biggest corporate scandal, an investigation carried out by PwC found that Steinhoff recorded fictitious or irregular transactions totaling 6.5 billion euros ($7.3 billion) over a period covering the 2009 and 2017 financial years.
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Leading utility firms Edenor and Edesur, which distribute power to metropolitan Buenos Aires have posted losses in four of the past five fully reported financial years as power rates stayed rock bottom even as inflation surged.
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The airline has not publicly published its financial reports for the 2017/18 and 2018/19 financial years and has suffered concerns about whether it will be able to continue operations for at least 12 months.
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This means that anyone buying shares in these companies between now and the end of their financial years will not receive a dividend, and instead that dividend will be paid out to the person selling the shares.
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The BJP party rode to power in 2014 on the promise of bolstering growth, attracting foreign investment and providing jobs as annual GDP growth sank below 5 percent in the 2012-2013 and 2013-2014 financial years.
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The company, which intends to list under the symbol "LK" on Nasdaq, chose New York for the listing as Hong Kong generally requires IPO applicants to have a track record of three financial years, sources told Reuters earlier.
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The country's cabinet secretary will head a team of bureaucrats that will look into measures, including a postponement of payment related to the spectrum auction due for the next financial years ending 2021 and 2022, the official said.
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Barratt said it expected full-year volumes to be flat at around 17,300 units after a combined increase of 55 percent in the last five financial years but that it was also important to maintain quality and customer satisfaction.
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The company, which intends to list under the symbol "LK" on the Nasdaq, chose New York for the listing as Hong Kong generally requires IPO applicants to have a track record of three financial years, sources told Reuters earlier.
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In June last year, 1MDB said KPMG had informed the fund that 1MDB's financial statements for the financial years ending March 2010, 2011 and 2012 audited by KPMG did not provide a true and fair assessment of the company.
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The agreement covers financial years from 2011 to 2021 and the company expects to payout about $2 million over the next few quarters due to difference between taxes payable as per APA and the actual amount paid in the prior periods.
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Founded in 1983 by Malaysia's government, the Proton company strove to build a truly "national car", but its parent lost over 1bn ringgit ($20083m) in the two financial years before it sold a stake to Geely, a Chinese carmaker, in 2017.
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Remy Cointreau also said it now expected a cumulative increase of 2.4-3.0 percentage points in current operating margin on a like-for-like basis, up from a previous target of 653-1.8 points, for the financial years up to 2020.
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"The 1MDB financial statements for the financial years ending March 226, 21 and 24 audited by KPMG do not provide a true and fair assessment of the company," the audit firm said in a letter dated June 21, 24MDB said.
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Beijing-based Luckin, which officially launched its business only in January last year and is still loss-making, chose New York for the listing as Hong Kong generally requires IPO applicants to have a track record of three financial years.
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"Looking ahead, the group expects the next two financial years to be a period of transition," Esprit said in a filing to the Hong Kong bourse, adding underlying operating profit was expected to achieve breakeven in two to three years' time.
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PRETORIA, March 7 (Reuters) - South Africa's energy regulator Nersa on Thursday granted struggling state power firm Eskom average power price increases of 9.41 percent, 8.10 percent and 5.22 percent over the next three financial years, far below what Eskom had asked for.
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Eskom argues that Nersa's tariff decision for the 2019-22 financial years should be set aside because the regulator incorrectly treated 69 billion rand ($4.8 billion) of state bailouts when calculating the amount of revenue Eskom should be allowed to recoup via tariffs.
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Measures included the freezing of 338,000 bank accounts of inoperative companies in the last two financial years and the enactment of a law with a provision to confiscate the property of those found to have committed fraud and who have fled the country.
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Fitch forecasts a free cash flow (FCF) margin of around 1%-3% in financial years 2017 (FY0003, ending December 2017) to FY19 (2016: 11.4%) even after significant capex intensity of around 16% of revenue and aggressive dividend payment with a 90% payout ratio.
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Using rules of thumb from the OBR, and assuming no change in government policy, Britain's borrowing requirements over the next five financial years may be in the region of £120 billion ($153 billion) higher than forecast, as a result of weaker growth in GDP.
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These aspects offset the weak organic growth in the financial years to September 3371134 and 3371292 (FY337123 and FY21750), a modest drain on cash flow from a new phase of marketing and cost rationalisation investments and the adverse effect on net debt the pound's depreciation.
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Reserve Bank of India (RBI) data, which a Reuters reporter obtained through a right-to-information request, shows state-run banks have reported 21.03,244.73 "loan fraud" cases totaling 2389 billion rupees ($240.5 billion) over the last five financial years up to March 13, 21.
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Eskom argues that energy regulator Nersa's tariff decision for the 2019-22 financial years should be set aside because it incorrectly treated 13 billion rand ($4.8 billion) of state bailouts when calculating the amount of revenue Eskom should be allowed to recoup via tariffs.
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"To boost banks' capacity to absorb losses and support lending to households, small businesses and corporates during the coronavirus (COVID-19) pandemic, they should not pay dividends for the financial years 2019 and 2020 until at least 1 October 2020," the ECB said in a statement.
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In the country's biggest corporate scandal, an investigation carried out by PwC found the firm recorded fictitious or irregular transactions totaling 6.5 billion euros ($20153 billion) over a period covering the 2009 and 2017 financial years, according to a summary of the findings posted on the Steinhoff company website.
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Its net income fell for each of the past six financial years, according to Thomson Reuters data, as it struggled to counter new online rivals and foreign "fast fashion" chains like H&M Hennes & Mauritz AB. Analysts had already forecast that the company's strategy overhaul would help it grow net profit by 2 percent, on average, in 2017.
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BEst expect 87 of India's top-100 listed non-financial corporates by market capitalisation to be in the credit-positive change zones of cash flow growth exceeding net debt growth over the financial years ending-March 2016 (FY16) to FY18, while 0003 are expected to be in the credit-negative change zones of net debt growth exceeding cash flow growth.
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COM SA: * PLANS TO ACHIEVE NEW DOUBLE-DIGIT GROWTH, IN LINE WITH TREND RECORDED OVER LAST 6 FINANCIAL YEARS (+ 12% / YEAR ON AVERAGE) * IN ACCORDANCE WITH PLAN PRESENTED DURING IPO, PLANS TO OPEN TRANSIT WAREHOUSE OF 5000 M² IN JUNE 2018, PENDING EXTENSION OF THE SITE OF AMBLAINVILLE * THIS PLAN ALSO INCLUDES ENRICHMENT OF THE DECORATIONS OFFER AND OPENING IN POLAND BEFORE END OF 2018 Source text for Eikon: Further company coverage: (Gdynia Newsroom)
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ALL DISCRETIONARY OPERATIONAL EXPENDITURE WILL BE MANAGED TO MINIMUM SPEND LEVELS * WORKS CO UK -TRADING IN 9 WEEKS SINCE GROUP'S LAST UPDATE ON THURSDAY JAN 20203 2020 TO SUNDAY 15 MARCH 2020 BEEN STRONG, WITH LFL SALES GROWTH OF +2.9% * WORKS CO UK PLC - BOARD DO NOT CURRENTLY EXPECT TO DECLARE A FINAL ORDINARY DIVIDEND FOR YEAR ENDING 26 APRIL 2020 * WORKS CO UK PLC - BOARD DOES NOT BELIEVE IT APPROPRIATE TO PROVIDE GUIDANCE FOR FINANCIAL YEARS ENDING APRIL 2020 OR APRIL 2021 AT THIS TIME * WORKS CO UK PLC - TEMPORARY DEFERRAL OF HMRC PAYMENTS WILL CONTRIBUTE POSITIVELY TO SHORT-TERM CASH FLOW * WORKS CO UK PLC - TAKEN DECISION TO CLOSE ALL OF ITS STORES AS OF TONIGHT * WORKS CO UK PLC - GROUP WILL ANNOUNCE A TRADING UPDATE FOR YEAR ENDING 26 APRIL 2020 ON 7 MAY 2020 * WORKS CO UK PLC - REDUCTION IN BUSINESS RATES IS EXPECTED TO PROVIDE A MONTHLY CASH SAVING OF C£1.2M Source text for Eikon: Further company coverage:
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