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3 years ago
BRIEF-Fenner sees FY underlying pretax profit 10-15 pct lower than consensus forecast
May 30, 2014 / 6:22 AM / 3 years ago

BRIEF-Fenner sees FY underlying pretax profit 10-15 pct lower than consensus forecast

May 30 (Reuters) - Fenner Plc

* In USA, trading conditions and cautious sentiment in coal industry previously noted at interim results have deteriorated and are showing no prospects for imminent improvement

* ECS is therefore expected to see significantly weaker results in USA than previously anticipated

* Combined effect of these factors could be to reduce group's underlying profit before tax by 10-15 pct relative to prevailing market consensus forecast of £77.6 million 1. Source text for Eikon: Further company coverage:

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