Door-maker Safestyle UK flags wider annual loss on demand headwinds

Safestyle UK

19/09/2023 08:02

Sept 19 (Reuters) - Safestyle UK  SFES.L , the maker of
poly vinyl chloride replacement windows and doors, on Tuesday
forecast a wider annual loss as a prolonged cost-of-living
squeeze and high interest rates weighed on activity in the
housing sector.
    The Bradford, UK-based company said it now expected fiscal
year 2023 underlying loss between 9.5 million pounds and 10.5
million pounds ($11.8 million and $13 million), compared with a
loss of 4.4 million pounds reported a year earlier.

($1 = 0.8080 pounds)

 (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by
Rashmi Aich)
 ((abyjose.koilparambil@thomsonreuters.com; +917483275231;))