Full Year Results 

Benchmark in for a 'cash-burn' in 2020

Benchmark in for a 'cash-burn' in 2020

A softening market, a 20 basis point reduction in the gross margin and a £44.8m impairment of intangible assets explains why the share price of Benchmark (BMK) headed south on release of its full-year figures. The aquaculture group registered a net operating cash outflow of £9.21m, against negative £3.74m in FY2018, which was largely a consequence of increased receivables and a rise in inventories.

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