Edition:
India

Forterra Sees 2018 Profit To Be Lower Than Previous Expectations


Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Forterra PLC ::PROVIDES THIS TRADING UPDATE COVERING PERIOD FROM 1 JULY TO 31 OCTOBER 2018.FOLLOWING OVERHEATING OF KILN AT DESFORD BRICK MANUFACTURING FACILITY, HAS BECOME NECESSARY TO SHUT KILN FOR REPAIR FOR ABOUT SIX WEEKS.IMPACT ON CURRENT YEAR OPERATING PROFIT OF LOST PRODUCTION AND SALES AND COST OF REPAIR ESTIMATED TO BE BETWEEN £2 MILLION TO £3 MILLION.NOW ANTICIPATES THAT PROFITS FOR 2018 WILL BE MARGINALLY BELOW ITS PREVIOUS EXPECTATIONS. 

Company Quote

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17 Jul 2019