25th Mar 2019 12:25
LONDON (Alliance News) - Leeds Group PLC on Monday said it expects its annual pretax profit to be below the board's views as market conditions continued to be challenging.
The textile manufacturer said that the trading performance of its operating subsidiaries has been challenging due to increased competition in a reduced market, resulting in trading levels below the board's views.
For the year to the end of May 2018, Leeds Group posted pretax profit of GBP885,000.
Leeds Group shares were trading 2.1% lower at 23.00 pence each on Monday, having traded as low as 21.00p earlier in the day.
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