StockMarketWire.com - MBL Group shares dived 30% in early trading after the distributor of home entertainments products issued a profits warning, advising that profits for the year to 31 march 2011 are likely to be materially below market expectations.

The Board says that new ventures started this year are performing in line with expectations but overall revenue and profitability are behind forecast.

The shares fell 48p to trade at 102.5p - down 31.9% since the market open.


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