Xaar issues profit warning

Nessan Cleary's picture
Nessan Cleary

Xaar has issued a trading update warning that its figures for the last three months of 2018 were lower than expected and that its revenue in the second half of 2018 will be “only slightly better than the first half.” This would mean that the total revenue for 2018 will be around £64 million nearly a third lower than the £100 million revenue for 2017. This is mostly due to the continuing decline of the ceramics market.

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