Profit warning: SRV Group Plc lowers its guidance for 2018
SRV GROUP PLC STOCK EXCHANGE RELEASE 14 SEPTEMBER 2018 11.00 AM Profit warning: SRV Group Plc lowers its guidance for 2018 SRV Group Plc specifies its outlook and changes its guidance for 2018. The company estimates that its operating profit for 2018 will be at loss, mainly due to the cost increase of the REDI project. REDI shopping centre will open in September, according to the schedule and quality targets. In its 2018 second-quarter interim report, the company reported that its operative operating profit was weakened by increased material and labour costs and