Turf business, European construction weigh on Low & Bonar

Industrial fabric maker Low & Bonar said it continues to expect full year profits to be ahead of last year, however, owing to the losses in at its synthetic turf business Yarns, profits are expected to be slightly below current market expectations.

Industrial fabric maker Low & Bonar said it continues to expect full year profits to be ahead of last year, however, owing to the losses in at its synthetic turf business Yarns, profits are expected to be slightly below current market expectations.

The group said there was persistent weakness at its Yarns business following a reduction in discretionary public funding for artificial sports pitches. As a result, sales, which account for 6% of the group, have again been materially lower than the previous year.

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