The stock was quoted down 18% at
However, it said sales from its business that designs, manufactures, markets and services specialist machinery for the tobacco industry dropped to
On the other hand, the scientific services division saw sales increase to
"Sales of process and quality control instruments and machinery grew, with demand remaining strong for quality-control instruments in our major markets and demand for cigarette smoke capture machines ahead of the prior period,"
Meanwhile, sales at the packaging machinery business grew 9% in local currency, but were impacted by the strength of sterling, resulting in a marginal reduction in sterling terms to
As in previous year,
"The board is mindful of the strength of sterling and current market conditions for the tobacco machinery division," Chief Executive
In light of its woes,
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
OCTOBER 31, 2014
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