StockMarketWire.com - Component supplier to the construction industry Tyman said it expected to post higher revenue and operating profit for the full year, in line with its expectations.

In a trading update for the period commencing 1 July, the company said the improvements would come despite its markets generally remaining challenging.

European and UK markets had weakened since its half-year results on 25 July, it said.

North American markets continued to be broadly flat, with no clear signs yet of a return to higher activity levels, it added.

Tyman said AmesburyTruth was making progress on resolving operational issues at its Statesville facility, with delivery performance to customers improving.

'For the full year we expect reported revenue and adjusted operating profit to be ahead of 2018, assisted by contributions from last year's acquisitions and the strength of the US dollar against sterling,' chief executive Jo Hallas said.

'Whilst our main markets remain challenging, we are pleased with the progress being made in our operational performance in North America, with both customer service levels and productivity showing an improving trend.'



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