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Tyman sees profit growing in line with analyst forecasts

By BFN News | 08:11 AM | Wednesday 07 November, 2018


Door and window component supplier Tyman said it expected to grow its annual underlying operating profit in line with market expectations. Free cash flow in the year to date was significantly ahead of 2017, assisted by strong contributions from the acquisitions of Ashland and Zoo Hardware. The market outlook in North America and Continental Europe remains generally positive and the group expects to make further progress in 2019, Tyman said. As at 6 November, the range of analyst estimates compiled by the group for underlying operating profit for the 2018 financial year was between £81.9m and £87.3m. Last year, the company reporeted an underlying operating profit of £76.8m. At 8:11am: (LON:TYMN) Tyman PLC share price was +9.75p at 284.25p Story provided by StockMarketWire.com

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