Safestyle UK tumbles to record low on flagging wider annual loss

Safestyle UK

19/09/2023 08:19

** Shares of windows and doors retailer Safestyle  SFES.L 
drop 38.5% to a record low of 4.55p in early trade 
    ** Co expects FY 2023 underlying loss between 9.5 mln pounds
and 10.5 mln pounds ($11.8 mln and $13 mln), vs a loss of 4.4
mln pounds reported last year
    ** "Whilst we expect demand levels will pick up versus
current levels in line with seasonal trends, we believe it is
likely to be below previously expected levels" - SFES
    ** Stock down 83% YTD

 (Reporting by Eva Mathews in Bengaluru)
 ((Eva.mathews@thomsonreuters.com))