Britain's Renishaw slashes annual profit forecast
- Country:
- United Kingdom
British engineering group Renishaw Plc trimmed its full-year profit forecast on Tuesday as it struggles with weak market conditions in its automotive and aerospace sectors.
The company, part of a consortium to produce ventilators to help the National Health Service cope with the coronavirus outbreak, said it now expects an adjusted pretax profit of between 45 million pounds ($55.41 million) and 55 million pounds, from an earlier forecast of 50 million-70 million pounds. ($1 = 0.8121 pounds)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- British
- National Health Service
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