Norcros lowers full year profit guidance

Anglo-South African home products group Norcros fell to a 52-week low after issuing a profit warning, as trading remained tough and the decline in the value of the South African rand took its toll.

Anglo-South African home products group Norcros fell to a 52-week low after issuing a profit warning, as trading remained tough and the decline in the value of the South African rand took its toll.

The group admitted that trading profit for the current financial year, which runs to the end of March, is anticipated to be marginally below the firm's previous expectations as a result of weaker consumer confidence and increasingly challenging market conditions.

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