Ricardo rocked by revenue fall
Engineering and automotive consultancy Ricardo posted a 31% fall in full-year pre-tax profits to £10.8m.
But the company, which makes and assembles parts for supercar Bugatti Veyron, said it is confident about future prospects because of its full order book, which grew 4% to £101m at the end of June.
Net debt more than doubled to £7.8m. The dividend was maintained at 10.7p a share.
The shares, up 16% since the start of the year, rose 1.25p to 297.75p.
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