Business
Why the Coventry (ASX:CYG) share price will be on watch this morning
The Coventry Group Ltd (ASX: CYG) share price will be on watch this morning following the company’s release of a trading update.
At yesterday’s market wrap, the industrial solutions provider’s shares finished the day at $1.31.
How did Coventry perform?
The Coventry share price could be on the move today as investors digest the company’s solid performance for Q3 FY21.
For the period ending 31 March 2021, Coventry reported robust growth across its key metrics. Group sales accelerated by 16.9% over the prior corresponding period (pcp), and were up 12.6% when excluding acquisitions.
Coventry revealed that year-to-date sales are at $209.2 million, a jump of 13.9% on the previous comparable year. When excluding H.I.S Hose,…
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