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(Alliance News) - Van Elle Holdings PLC on Friday said adjusted pretax profit for financial 2019 will be hurt by adjustments made to the company's balance sheet.
The rail infrastructure firm initially anticipated adjusted pretax profit of GBP5.0 million for the year ended April 30, but it now expects the figure to be GBP4.5 million.
The company said trading performance for the financial year was "largely as anticipated" though the second half was impacted by a volatile end-market.
The company's financial 2020 has been hurt by "customer uncertainty" so some of the business segments have made a quiet start.
Shares in Van Elle fell 1.6% at 35.90 pence each in London on Friday morning.
