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Walker Greenbank

  • BY: Andrew Hore |
  • POSTED: 05/12/2008 |

Walker Greenbank says that the autumn season has not be as good as hoped.

The interior furnishings business says that sales in the first four months of the financial year are 4% lower. The company has held back its costs and lower debt and interest rates will reduce the interest charge. There will also be some benefits from exchange rate changes.

House broker Teathers has cut its revenue forecast by £3.2m to £63.3m. The pre-tax profit forecast has been cut by £900,000 to £3.2m, which is 9% below last year’s profit.

Share in Walker Greenbank have fallen 2p to 12p each, which values the company at £7.08m. The shares are trading on three times forecast earnings. 

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