StockMarketWire.com - Brighton Pier Group warned pre-tax profits would fall short of current consensus expectations as first-half performance was hurt by adverse weather and disruptions to weekend railway services to and from Brighton.

'The board now anticipates that, as a result of the reasons outlined above, profit before tax for the current financial year will be in the region of 18% lower than current consensus expectations,' the company said.

Disruptions to weekend railway services to and from Brighton had 'significantly impacted the number of visitors into Brighton and onto the Pier,' it added.

The line closures would continue into the second half of the current financial year, including a complete closure over the nine days of February half term and further closures in March, April and May, which marks the start of the Pier's peak trading period.

'Whilst I am disappointed at the rail network disruptions currently affecting the Pier, once they are complete, this will be of great benefit to future visitors travelling to the city and consequently to our Brighton businesses,' said Anne Ackord, Chief Executive Officer.

'Despite these challenges the Company's Pier, Bars and Golf businesses remain well invested, strongly cash generative and well positioned for future growth.'

At 10:11am: [LON:PIER] The Brighton Pier Group Plc share price was -19p at 44p



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