John Gill has issued a profit warning following delays to the integration of a national distribution and engineering centre. The company said it expects the integrated centre within the year , but warned that the delay would affect core rental and revenue growth. Adjusted operating profits for the year are expected to be below market expectations, in spite of a 2.3% increase in revenue to £ £ It is the latest in a string of profit warnings from HSS, which reported a pre-tax loss totalling £13.8 million in 2015 amid weaker demand and higher costs. 256 million m in the year and a 2.3% increase in adjusted operating profit to £52.4m. HSS closed 18 "underperforming" branches and four distribution centres this year as part of cost-cutting plans.
John Gill has issued a profit warning following delays to the integration of a national distribution and engineering centre. The company said it expects the integrated centre within the year , but warned that the delay would affect core rental and revenue growth. Adjusted operating profits for the year are expected to be below market expectations, in spite of a 2.3% increase in revenue to £ £256 million m in the year and a 2.3% increase in adjusted operating profit to £52.4m. HSS closed 18 "underperforming" branches and four distribution centres this year as part of cost-cutting plans.