LONDON (Alliance News) - Power and data cabling company Volex PLC on Friday said it expects to meet market expectations for the year and said it will book a one-off restructuring cost in the current financial year.
Volex said it expects its operating profit for the year to April 5 to be in line with market expectations, with trading in line in the second half of its financial year.
It added it has completed its transformation plan and expects to book exceptional costs related to the measures taken in the second half of the year. It intends to make further investments in its divisions in the coming year and will look to further diversify its customer base.
Volex shares were trading flat at 65.00 pence on Friday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Volex (VLX)