Stefanutti Stocks trims losses as asset sales continue

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The group has indicated that losses in continuing operations have more than halved in its six months to end-August

Construction and engineering firm Stefanutti Stocks, which is battling to avoid joining recently delisted peers, says it has managed to more than halve losses in the businesses it intends to keep for its half-year to end-August.

The group said in a trading update it expects to report a loss per share from continuing operations of between 50c and 70c for its six months to end-August, an improvement of up to two thirds...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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