21st Jan 2016 08:29
LONDON (Alliance News) - Marble quarrying and finishing company Fox Marble Holdings PLC on Thursday said it expects the majority of its 2015 order book will be pushed into 2016.
The company said it expects to post reported sales for 2015 of around EUR230,000, with the majority of its orders to be moved into 2016. It said its confirmed order book for 2016 is currently around EUR3.5 million, including a big order in the UK for which the group expects to receive a deposit payment in February.
The order delays were down to slower-than-expected delivery completions in 2015, the company said, and due to delays in accessing its new Malesheva quarry in Kosovo.
"Although 2015 was disappointing in terms of sales, we are starting 2016 with a strong outlook and remain confident in our objective of being a major international supplier of high quality marble," said Chris Gilbert, Fox Marble's chief executive.
Shares in Fox Marble were down 13% to 10.85 pence early Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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