25 less profit compared to last yea29 Apr 2009 09:23
British engineer Fenner Plc (FENR.L) said on Wednesday first-half underlying pretax profit fell 25 percent, in line with forecasts, and that it was seeing increased signs of customer destocking coming to an end. The company, which makes conveyor belts for the mining and power generation markets, posted first-half profit before tax, amortisation and exceptional items of 12.1 million pounds, compared with 16.2 million pounds last year