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Low & Bonar Second Half Trading Solid, On Track For Full Year
LONDON (Alliance News) - Performance materials company Low & Bonar PLC on Thursday said it has continued to trade well in the second half and is on track to meet market expectations for the full year.
The company, which makes yarns, fibres, industrial and coated fabrics and composite materials, said sales in its Interiors & Transport unit have continued to be strong in the second half of its financial year to the end of November.
Sales of its civil engineering products remain in line with expectations, though European markets were still weak. Middle East demand has also remained weak, though sales in other parts of the business have progress in line, it said.
Shares in Low & Bonar were flat at 65.00 pence on Thursday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
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