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BUZZ-Cape: falling profit hits shares

Tue, 23rd Aug 2016 07:42

** Cape -3.1 pct, within touching distance of amulti-year low

** Co, which provides insulation and coatings to the energysector, says H1 PBT from cont ops down to 1.4 mln stg vs 17.6mln stg last year

** H1 revenue up 10 pct, driven by Asia Pacific business,but says weaker-than-expected margins in UK result in groupoperating profit drop of 25 pct

** Co sees profit weighted to H2 and says order intake downto 309 mln stg from 399 mln stg

** About a third of 30-day avg volume gone through in first15 minutes

** Up to Monday's close, stock had fallen about 20 pct YTDcompared with a 5.9 pct increase in the FTSE Small Cap index (Reuters Messaging: pranav.kiran@thomsonreuters.com@reuters)

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