StockMarketWire.com - Haynes Publishing Group reported a fall in its first-half pretax profit, thanks to a 'soft' US automotive aftermarket.

The group reported a persistence of difficult trading conditions through the second quarter.

The automotive repair manuals supplier posted a pretax profit of about £2.84m for the six months to November 2007, compared with about £3.1m a year before, on revenues of about £14.4m, marginally down from £14.5m.

Haynes said trading conditions in the UK and Europe have been more encouraging than in the US, with strong growth in the UK licensing and branded product division.

The company cut its interim dividend to 5p per share from 5.5p in 2006.