Northamber issues profit warning
'Especially challenging conditions'
Northamber today issued a profit warning for its interims, which end on 31 December 2005. In a regulatory news statement, the UK disties said profits will be "substantially below" that of last year's interims.
It notes "especially challenging trading conditions that are common across the sector". Also since its last trading outlook, published with the release of preliminary results on 21 September, the company has seen "further continuation of the price erosion and tight margins experienced across the sector since the start of 2005". ®