WYG’s shares slump following profit warning
Project management and consultancy WYG saw its shares slump 33% on Friday after warning that profits for the year will be well below expectations.
The Leeds-based firm said it now anticipates that operating profit for the full year will be substantially lower than current market expectations and in the range of £3.5m to £4.m, with net debt expected to be in the region of £6m to £7m.
It is the second revision of expectation in three months for the company. WYG’s share price fell 22.2p to 44.80p after the announcement.
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