14 Nov 2012 15:38

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Tex Holdings plc
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Tex Holdings plc is today issuing its Interim Management Statement for the third quarter's trading.
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Trading is below expectations and is also behind the previous year's performance. The order book has softened in certain markets, but remains at £10,000,000.
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The exception is the Plastics Division, where order levels have improved during the year and, with the teething troubles of a major project behind us, the close to the year is expected to be satisfactory.
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Subsidiaries in the Engineering Division have noticed a reluctance to place orders even though the enquiry levels remain at historically high levels. This division has benefited from its wide ranging export markets.
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The Boards & Panels Division has maintained its share of supply to the caravan industry, but the market itself has contracted. However the activity within the Quikaboard market has improved.
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Outlook
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The anticipated profit for the year will be below last year, but still satisfactory.
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With many uncertainties world-wide and at home, we advance with caution.