UK's Titon Holdings slumps on weak full-year forecast

Titon Holdings

19/05/2023 10:17

** Shares of ventilation systems manufacturer Titon Holdings
 TITN.L  down as much as 13.7% at 75p; eyes worst day in almost
six months
    ** TITN sees results for financial year lower than its prior
expectations
    ** Adds trading conditions in South Korea remains
 difficult and losses will continue in H2
    ** Group also anticipates lower H2 revenues from UK and
Europe versus H1 due to slowdown in housing market activity 
    ** As of last close, stock up 16% YTD


    
   

 (Reporting by Hani Kollathodi in Bengaluru)
 ((Hani.Kollathodi@thomsonreuters.com;))