Company News Summary
Thorn Group Provides Profit Guidance
Original announcement: Profit Guidance
Thorn Group announced an additional provision will be made in its accounts and provides guidance of its expected profit for the financial year ended 31 March 2017, together with a brief business update. Once the additional provision noted above is accounted for it expects its net profit after tax for the financial year ending 31 March 2017 will be in the range of $24m to $26m. In the circumstances, the Board considers that it may be necessary to reduce the final dividend for the year 2017 from the 6.0cps paid in 2016 and it will give due consideration to the appropriate amount once it has all available information following the year end.
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