StockMarketWire.com - Construction consultants Driver Group warned of a fall in annual profit owing to more subdued trading in the Middle East and south-east Asia.

Pre-tax profit for the year through September was now expected to be slightly below the on-year result at around £3.5m.

'Driver Group has continued to make good progress towards the fulfilment of its strategic objectives,' the company said.

'However, owing to a slowing in the speed of client conversion, in particular in the Middle East and south-east Asian markets as a consequence of local market conditions, the cumulative trading result is now behind the Board's expectations for the current period.'

'The board's judgement is that the shortfall is unlikely to be recovered in the second half.'


At 1:59pm: [LON:DRV] Driver Group PLC share price was -15.5p at 52p



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