{"id":8039,"date":"2012-02-16T14:08:38","date_gmt":"2012-02-16T12:08:38","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/update-1-norcros-warns-on-profit-shortfall\/"},"modified":"2012-02-16T14:08:38","modified_gmt":"2012-02-16T12:08:38","slug":"update-1-norcros-warns-on-profit-shortfall","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-norcros-warns-on-profit-shortfall\/","title":{"rendered":"UPDATE 1-Norcros warns on profit shortfall"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Full-year profit to fall short of its expectations<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Says UK, South Africa markets challenging in December<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocatio\/spann\">Feb 16 (Reuters) &#8211; Norcros Plc, a maker of<br \/>\nbath showers and floor tiles, said full-year adjusted profit<br \/>\nwill be slightly below its prior expectations due to weakness in<br \/>\nits major markets.<\/span><\/p>\n<p><span><\/span><\/p>\n<p>The companty said revenue for the 18-week period ended Feb.<br \/>\n5 fell 3.1 percent on a reported basis, and rose 0.9 percent on<br \/>\na constant currency basis.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Market conditions in the UK and South Africa were<br \/>\nparticularly challenging in December reflecting the earlier and<br \/>\nlonger than expected Christmas shutdowns in our major markets,&#8221;<br \/>\nNorcros said in a statement.<\/p>\n<p><span><\/span><\/p>\n<p>In November, Norcros &#8212; which operates brands such as<br \/>\nJohnson Tiles and Triton Showers &#8212; said rising commodity costs<br \/>\nhad prompted it to restructure its cost base.<\/p>\n<p><span><\/span><\/p>\n<p>Norcros shares have lost about 30 percent of their value in<br \/>\nthe last eight months.<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Full-year profit to fall short of its expectations * Says UK, South Africa markets challenging in December Feb 16 (Reuters) &#8211; Norcros Plc, a maker of bath showers and floor tiles, said full-year adjusted profit will be slightly below its prior expectations due to weakness in its major markets. The companty said revenue for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-8039","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=8039"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8039\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}