Business
Why the Service Stream (ASX:SSM) share price could come under pressure on Thursday
The Service Stream Limited (ASX: SSM) share price could come under pressure on Thursday.
This afternoon the essential network services company released its half year results after the market close.
How did Service Stream perform during the first half?
Service Stream had a difficult six months and this was reflected in its results for the first half of FY 2021.
On the top line, the company posted a 17.7% reduction in revenue to $409.9 million.
This was driven by a small increase in Utilities revenue to $199.6 million and a 30% decline in Telecommunications revenue to $209.9 million. The latter was due to the conclusion of the NBN construction…
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