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CMO Group remains well bid following trading update

Online-only building materials retailer CMO Group PLC (AIM:CMO) remained well bid on Friday following a trading update for the seven months ending 31 July.

Following a poor wet-weather induced trading session in the first three months, CMO saw improved sales through the second quarter and into July.

However, like-for-like sales in the period were still down 17%. The group has £2.3 million of cash with net debt of £2.5 million at the end of the period.

Shares were last seen swapping 5% higher at 15.5p with a £11.15 million market capitalisation.