By
Reuters
Published
Dec 10, 2009
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Low & Bonar sees second half profit in line with view; shares up

By
Reuters
Published
Dec 10, 2009

Dec 10 (Reuters) - Specialist materials group Low & Bonar Plc (LWB.L) said second-half profit would be materially better than the first half and in line with its expectations, and net debt at the year ended Nov. 30 would be below its prior view.



Low & Bonar -- a supplier of yarn, fabric and fibre to end markets like civil engineering, transport, sport and leisure -- said trading since Oct. 19 has been at anticipated levels.

Sales in all sectors had improved in the second half with marked increases in civil engineering and transport, the company said in a statement.

Low & Bonar said its continued focus on cash generation would help it cut net debt "materially" from first-half levels.

Shares of the company were up 6.3 percent at 34 pence by 0812 GMT on Thursday 10 December on the London Stock Exchange. (Reporting by Shivani Singh in Bangalore; Editing by Deepak Kannan)

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