- Findel, a market leader in the UK home shopping and education supplies markets, expects pre-tax profits for the year to 27 March to be substantially ahead of last time but slightly below the range of market forecasts.

It says this is largely as a result of the particularly weak final quarter in education.

The group is expected to have achieved the target operating profit margin* of 7% for the year.

Looking forward to FY16, the group says the challenges ahead for Findel Education are likely to result in a flat profit performance at best for the division. The impact of the strengthening dollar on import prices is likely to provide a headwind to Express Gifts, although its operating profit for FY16 is still anticipated to grow at a similar rate to this year. Overall, the group says it looks forward to another year of strong progress.

At 9:54am: [LON:FDL] Findel PLC share price was -17.75p at 234.25p

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