StockMarketWire.com - Industrial and commercial equipment supplier HC Slingsby said its earnings had been pressured by lower sales growth in April and May.

Sales for the the three months through March had grown 5.0%, but sales for the five months through May had grown by just 3.5%.

'The trends in group margin and overheads experienced in the first quarter of 2019 have continued in the second quarter and, as a result, operating profit in the four months to the end of April 2019 have remained lower when compared with the same period to April 2018,' the company said.

'The group has suffered variability in its level of order intake since the decision to extend the Brexit date, which was an event the group and a portion of its customer base had planned for.'

'The effect on short term demand from the unwinding of these plans, together with the additional economic uncertainty created by the Brexit extension, means that we are cautious regarding the outlook for the results for the six months to 30 June 2019.'

At 8:00am: [LON:SLNG] Slingsby H C PLC share price was -12.5p at 85p



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