LONDON (Alliance News) - Fox Marble Holdings PLC Tuesday said booked revenue will be more strongly weighted to the second half, after unexpected adverse weather conditions and the extension of a quarry site meant production was delayed.
The company, which extracts marble in Kosovo, said it has continued to seek potential sales opportunities in the UK and internationally, leading to further sales in the pipeline.
The newly established building-materials company said the construction of its processing plant in Kosovo has started, but unseasonal adverse weather means it will now to be completed in the third quarter 2014.
"We continue to be encouraged by current data that shows our marble to be of good quality and stronger than the average marble. This will further help with our marketing strategy," the company said.
Fox Marble shares were quoted down 7.6% at 20.56 pence Tuesday morning.
By Anthony Tshibangu; anthonytshibangu@alliancenews.com; @AnthonyAllNews
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