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Weeks - NO RECOMMENDATION

Companies: WGP   
07/07/2000

This specialist engineering group has been withdrawing from unprofitable areas of the market in a bid to prop up margins and profits. These moves have been accompanied by other changes, most important of which was the restructuring of the business into two divisions - WEEKS Consulting and WEEKS Laboratories. The impact of all the changes can be seen in the figures for the year to March. Turnover fell to £15.3m (£16m) but profits improved from £665,000 to £786,000.

Market cap: £6.42m
PE Forecast: 8.0
Share price: 4.3p

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