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Marks Electrical – after late-June “optimism for the year ahead”, already now a material profit warning!

By Steve Moore | Tuesday 12 November 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


In its year ended 31st March 2024 results statement towards the end of June, Marks Electrical (MRK), describing itself as “a fast-growing online electrical retailer”, emphasised on its trading and outlook a “strong trading performance in April, May and June, with double-digit revenue growth and momentum starting to pick-up following the weaker January to March trading period, providing us with optimism for the year ahead”. So now positive results for its half-year ended 30th September 2024?
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