De La Rue says full year to be heavily weighted towards H2
Banknote printer De La Rue said on Thursday that its performance for the year is expected to be heavily weighted towards the second half.
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The company - whose shares slumped earlier this week after it announced that the Serious Fraud Office has launched an investigation into its South Sudan operations - said expectations for 2019/20 remain unchanged from the full-year results back in May.
"Based on our expectations from Product Authentication & Traceability (PA&T) and the planned timings of cost cutting initiatives, the group's performance is expected to be heavily weighted towards the second half of the year," it said.
At 1215 BST, the shares were down 0.7% at 229.50p.