LONDON (Alliance News) - Engineering company Fenner PLC on Tuesday said its underlying profit for its full financial year will be in line with its expectations.
The company said its revenue and underlying profit for the year to the end of August will be in line with the expectations it outlined in its trading update in July, when it issued a profit warning due to the hit that its Engineered Conveyor Solutions arm was taking from a downturn in coal industry spending.
That added to ongoing problems facing its Advanced Engineered Products business, which has been hurt by the collapse in activity in the oil and gas industry.
Fenner said it will publish its full-year results on November 11.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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