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Norcros PLC - Wilmslow, England-based bathroom and kitchen product supplier - In the 26 weeks to October 1, revenue falls 8.1% year-on-year to about £202 million from £219.9 million a year prior. Revenue in South Africa declines by about 25%, while revenue in the UK grows 1%. Company highlights national energy supply constraints impacting home market demand in South Africa. Looking ahead, firm expects to meet financial 2024 underlying operating profit market expectations of £43.4 million, down 8.2% from £47.3 million in financial 2023.
Norcros will release its interim results on November 16.
Current stock price: 145.00 pence, down 1.4% on Thursday
12-month change: down 19%
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