UK's Genuit slumps, forecasts annual profit below estimates
Yesterday 08:32
BUZZ-UK's Genuit slumps, forecasts annual profit below estimates ** Shares of sustainable water solutions manufacturer Genuit Group GENG.L fall 13.4% at 251.4p
** On track for worst one-day fall since November 2025
** Co now expects FY underlying operating profit to about £84 mln ($112.14 mln), below company-compiled analyst consensus range of £91 mln to £96 mln
** Weak H1 volumes in co's heating business were worsened in H2 by unseasonably warm weather
** As of last close, GENG down 11.4% YTD
($1 = 0.7491 pounds)
(Reporting by Anushka Chourasia in Bengaluru)