Haynes Publishing Not Forseeing Significant Improvement In FY Pre-tax Profit

5/24/2012 5:32 AM ET

Haynes Publishing Group Plc (HYNS.L) said that, during the third quarter the group experienced a slight improvement in trading in its important US market, although trading was still marginally below last year; while in the UK, sales of the company's automotive repair manuals were weak on the back of lower ordering from key retailers.

As the company approaches the close of its financial year, management are reporting that sales of automotive repair manuals on both sides of the Atlantic during the fourth quarter have been slower than last year. In light of the soft fourth quarter trading, the company does not foresee a significant improvement in full year pre-tax profits from the trend experienced during the first half of the year.

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by RTT Staff Writer

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