March 21, 2019 / 7:32 AM / a month ago

Britain's Renishaw cuts full-year profit forecast on weak Asia demand

March 21 (Reuters) - British precision engineering group Renishaw Plc on Thursday cut its full-year profit forecast, saying a slowdown in demand for its products in Asia would continue through the year.

The company now expects adjusted pretax profit between 117 million pounds ($154.70 million) and 135 million pounds, down from its previous expectation of 140 million pounds to 160 million pounds. ($1 = 0.7563 pounds) (Reporting by Pushkala Aripaka in Bengaluru; Editing by Anil D’Silva)

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