Interbulk issues profit warning
Interbulk, a logistic company that makes most of its money shipping chemicals, has issued a profits warning at the same time as announcing that it has refinanced its debt.
Interbulk, a logistic company that makes most of its money shipping chemicals, has issued a profits warning at the same time as announcing that it has refinanced its debt.
Blaming the European recession, supply chain volatility and a weak euro, the company confirmed that "revenue for the year ended September 30th 2012 is expected to be slightly below market expectations [and] profit before tax is expected to be below market expectations and similar to the year ended September 30th 2011."
Try 6 free issues of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
Sign up for MoneyWeek’s free twice-daily newsletter.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
