Norcros issues profit warning, suspends guidance for financial year

A Wilmslow-based supplier of bathroom and kitchen products has issued a second profit warning and suspended previous guidance for the financial year.

Norcros, which owns seven brands in the UK including Johnson Tiles, Triton and Merlyn, said it expects underlying operating profit for the year to March 31 to be £31m, down from a previous forecast of £35m.

It comes after the group reported in…

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