TXH Tex Holdings Plc

TIDMTXH

RNS Number : 2842K

Tex Holdings PLC

12 December 2018

Tex Holdings plc

Trading update

Tex Holdings plc ('The Group') makes this announcement in order to give a trading update for 2018.

The Group earnings for second half of the financial year will be lower than those anticipated in the half year statement.

The drop in full year earnings has been largely caused by the delay in the shipment of a number of project related items that will now fall into the first half of 2019. Also, additional costs have been incurred by re-organisation within the Board and Panels Division.

The Group will as a result be going into the new year with a strong order book, which at this stage augers well for 2019.

This announcement is based on information currently available.

Enquiries

Tex Holdings plc

Christopher Parker

01473-830144

12th December 2018

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

TSTUUOORWRAUAAA

(END) Dow Jones Newswires

December 12, 2018 09:00 ET (14:00 GMT)

Tex (LSE:TXH)
Historical Stock Chart
From Apr 2024 to May 2024

Tex (LSE:TXH)
Historical Stock Chart
From May 2023 to May 2024