Tuesday July 15, 06:19 PM
Tanfield says trading in June slumps; will not meet FY market expectations
LONDON (Thomson Financial) - Electric vehicle maker Tanfield Group Plc (LSE: TAN.L - news) . said it will not meet market expectations
for the year, after reporting a 'marked slowing' in its markets during the month of June and deteriorating wider macro economic conditions.
In a trading statement, the company sees turnover for the first six months up 36 percent on a proforma basis at 91 million pounds compared to the same period in 2007.
Looking ahead, the company expects growth at a significantly lower level than previously forecasted.
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