HAMPSHIRE-based steel processor Precoat International yesterday warned first-half profits would come in below expectations and said it was considering taking itself private.
The company, based in Hartley Wintney, is a processor and distributor of pre-coated steel in the UK and Canada.
It said it estimated pre-tax profits for the half year would be around £1.5 million.
This compares with £1.76 million at the same point last year.
The company also warned that increasing pressure on margins would mean full-year profits were also likely to fall short of the £3.4 million which was achieved last year.
As such, Precoat said it had instructed its advisers to undertake a financial review of the business, including the option of a management buy-out led by chairman Ian Williams.
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