Babcock International : says review suggests potential negative impacts on balance sheet
01/15/2021 | 03:43am EST
(Reuters) - Engineer Babcock said early indications from a review into its contract profitability suggest there may be negative impacts on its balance sheet and income statement and the company withheld guidance citing the COVID-19 crisis, sending its shares 20% lower.
The British company said the review was recently initiated, without disclosing any specifics.
(Reporting by Muvija M in Bengaluru; Editing by Shailesh Kuber)