6th Nov 2013 15:42
LONDON (Alliance News) - Tex Holdings PLC warned Wednesday that its anticipated profit for the full year would be hampered by accounting revisions for the notional interest on its pension scheme deficit, but would be "satisfactory."
Tex Holdings and its subsidiaries work in the manufacturing and supply of engineering products, plastics, boards and panels. The company said that revenue has remained on par with expectations, but that profits had been hit by the under performance of its subsidiaries.
Its plastics division has seen a soft order book, Tex said, although it still remains on target to generate a profit.
The company's engineering subsidiary Eurotex International opened the year in line with expectations, however, recent order intakes have fallen. The company said that its air traffic control division's results would be impacted by the late running of Air Traffic Control Room projects.
Shares in Tex Holdings were trading flat at 82.5 pence Wednesday afternoon.
By Hana Stewart-Smith; [email protected]; @hanassallnews
Copyright © 2013 Alliance News Limited. All Rights Reserved.
Related Shares:
TXH.L