Foreland Fabritech

Foreland Fabritech has issued a profit warning, with the group expecting to report a loss and a significant drop in revenue for 3Q13 versus the corresponding period. The expected weak performance is on back of both weaker demand and selling price for the high-grade textile products, including both apparel and umbrella products, pressured by the weak business conditions, which in turn has impacted upon the group’s revenue. Foreland will disclose further details when it announces its 3Q13 results on or before 14 Nov13.