Profits halve at listed piling firm
Profits at listed Nottinghamshire piling firm Van Elle have nearly halved in the first half of its finacial year with the firm blaming a "subdued" market.
Tbe firm says profit before tax will come in at £2.8m for six months ending 31 October, down from £5.4m in 2017. Meanwhile, revenues are also likely to be significantly down - from £52.6m to £43m.
The news comes after Van Elle installed Mark Cutler as its new chief executive in August.
He said: "Since joining the business in August I have been taking action to refine th... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...