Metrodome plunges after profit warning

Shares in Metrodome plunged after it warned operating profit for the year to 31 December 2011 is expected to be materially below current market expectations.

Shares in Metrodome plunged after it warned operating profit for the year to 31 December 2011 is expected to be materially below current market expectations.

"Despite the group's trading divisions Metrodome Distribution and Hollywood Classics trading in line with expectations, Target Entertainment, the group's TV distribution business, has experienced tougher than expected trading conditions in the final quarter of the year," the group explained in a company statement.

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