NSG Group Announces Revision of Forecast
Pilkington's parent company, the NSG Group, has announced the revision of its previous forecast for full-year 2009 (April 2008 through March 2009), as follows. The original forecast was released in August 2008.
2009 Full Year Forecast
The reduction in income arises partly as a result of the stronger yen generating a reduced level of income on consolidation, and partly as a result of the challenging market conditions faced in many of the Group's major markets, according to a statement issued by the company. These challenging market conditions are anticipated to continue during the remainder of the financial year. In addition, the forecast reflects the income statement loss arising from the receipt of the results of the European Union Competition Commission investigation (CLICK HERE for related story).
to view the company's consolidated results for the second-quarter.
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