LTC.L Share News (LTC)

Fall protection specialist Latchways said it expects full-year 2014 profit and revenue to be "materially short" of market forecasts. Revenues were hurt by delays in the company's Wingrip and Wind energy businesses."Although these setbacks are disappointing, we are confident that our strategy of investing in the sales team and infrastructure of the business is the right course," Latchways said."The benefits of our recent investments will take time to reach their full potential but we expect these to be significant. In the meantime cash generation and our balance sheet remain strong, with the new building expenditure largely complete and £10m of net cash as at January 31st 2014."The group's traditional commercial construction-facing business has also been subdued over the winter in the UK and Europe. Profit before tax for 2014 is now expected to be in a range from £6.5m to £7.5m.RD