AFH cuts debt during lockdown but warns 2020 earnings face hit

Trading update

Jenna Brown
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AFH cuts debt during lockdown but warns 2020 earnings face hit

Financial planning group and consolidator AFH has strengthened its balance sheet during the summer period, cutting debt by £3m since April but warned overall earnings for the year could be short of expectations, it said in a trading update.

It said cash remained the primary focus of the board and the business had remained profitable and cash generative during the summer period. The statement said the firm had taken steps to reduce the...

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