Low & Bonar sees sales at high end

16th Dec 2010 13:54

Shares in Low & Bonar perked up after the maker of fabrics, textiles and building products said strong trading has continued.'As a consequence we now expect sales growth to exceed 10% for the 2010 financial year and that full year profits before tax will be at the upper end of market expectations,' the company said.Restructuring of the loss-making technical yarns business is 'progressing satisfactorily'.The factory in Ostend, Belgium is being closed and manufacturing moved to Abu Dhabi.