Bulmer, which issued a profit warning in February, said it made a pre-tax profit of £21.1m in the year to the end of April 2002, virtually unchanged from 2000/01. The consensus forecast was for £23m. The full annual results are to be published on Monday.
UK: Bulmers shares slip in advance of disappointing results
UK cider company, HP Bulmer Holdings Plc, has said its year-end profits would be below market forecasts prompting its shares to slide to a 40-month low. The company also said it planned to take restructuring charges. On Friday morning, the company's shares were 11.6% down at 294p, their lowest level since March 1999, which values the company at £156m.
July 5, 2002