12th Dec 2018 14:31
LONDON (Alliance News) - Tex Holdings PLC said Wednesday it expects its earnings for the second half of 2018 to be lower than previously anticipated.
The company attributed the drop in earning to delays in the shipment of a number of project related items, that will now occur in the first half of 2019.
Furthermore, the engineering product supplier said it incurred additional costs due to its board reorganisation, which will hit its 2018 earnings.
For 2017, the company reported revenue of GBP41.5 million and pretax profit of GBP927,000.
Tex Holdings shares were trading down 9.0% at 93.25 pence each on Wednesday.
Related Shares:
TXH.L