Banknote printer De La Rue warns on profits after Covid costs

  Shares fall by nearly 30% in early trading as company is hit by staff absences and chip shortages The banknote printer De La Rue has issued a profit warning after suffering from higher Covid-19 costs including staff absences and computer chip shortages. The company’s adjusted operating profit for the year to 26 March will be between £36m and £40m, rather than the £45m to £47m expected by investment bank analysts, it said in trading update on Monday. It added that the pandemic would probably cause “incremental headwinds” for the next financial year. Continue reading... .. Full story on theguardian.com 

banknote, rue, covid, printer, profits Image source : theguardian.com
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