21st Jan 2016 09:11
LONDON (Alliance News) - Flooring manufacturer Airea PLC on Thursday said its first half earnings were broadly flat despite a hit taken from the weaker euro.
Airea said its earnings for the half to the end of December were broadly in line year-on-year, despite a drag from the weak euro and costs related to the relocation of its manufacturing operations.
The company has consolidated its four manufacturing sites into two and has booked one-off costs related to the move, though it expects this to significantly cut its running costs going forward.
Shares in Airea were down 11% to 15.50 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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