10th Feb 2014 10:49
LONDON (Alliance News) - Industrial and commercial equipment company H C Slingsby saw its shares drop 19% Monday, as it said it expects to incur a wider pretax loss than it had previously anticipated for the year ended December 31 2013.
The company had previously said at its interim results that it expected to incur a pretax loss for the year, but saw "further difficult and variable trading in the second half of the year."
The company said current trading remains challenging, as increasing price pressures continue to hit its order revenues. However, it did note that its order volumes were encouraging, and said it was taking action to realign its costs with its growing customer base.
Shares in H C Slingsby were trading down 19% at 325.00 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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