15th Feb 2016 08:26
LONDON (Alliance News) - Port reception facilities and waste treatment company Nature Group PLC on Monday said its profit for 2015 is set to substantially miss market expectations and said it will post a trading loss.
The company said the challenges in the oil and marine markets have hit trading and added it will book non-trading writedowns and restructuring costs in relation to its Norway and Gibraltar businesses.
Nature said it has seen an encouraging performance in its maritime units in the US and the Netherlands and said its pipeline for the oil and gas business looks solid.
Nature shares were untraded early Monday, having last traded at 10.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Nature Group