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Weir Group Plc Issues FY 2013 Pre-Tax Profit Guidance Below Analysts' Estimates

Monday, 4 Nov 2013 02:00am EST 

Weir Group Plc announced that for fiscal 2013, it expects on constant currency basis, profits before tax, amortisation and exceptional items to be in the range of GBP425 million-GBP435 million with margins broadly in line with the fiscal 2012. In addition, based on current estimates of average full-year exchange rates, reported profits are expected to be a further GBP8 million-GBP12 million lower due to the translation impact of recent weakness in the US and Australian dollar and emerging market currencies. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report pre-tax profit of GBP439 million for fiscal 2013. 

Company Quote

-31.0 -1.63%
22 Dec 2014