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FTSE 250 company says operating profit will be lower than previously indicated
Thursday 02 Nov 2017 Author: Steven Frazer

FTSE 250 engineering group Weir (WEIR) has had to top slice operating profit expectations as mining aftermarket margins come under pressure.

The £4.42bn company provides slurry handling kit used in the mining and oil sands markets but engineering support investment and order delays have dented its earnings.

Analysts had anticipated approximately 19% operating profit margins from this part of the business in second half of 2017, but 17% now looks a more likely outcome. (SF)

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