Severfield-Rowen down as profits plummet

Mounting debts and plunging profits have seen structural steel firm Severfield-Rowen drop sharply through Tuesday morning trading.

Mounting debts and plunging profits have seen structural steel firm Severfield-Rowen drop sharply through Tuesday morning trading.

The company's underlying profits before tax came in at £10.1m, slightly above the market forecast of £10m but 34% down on 2010.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.