Fox Marble's order-book value slips lower

Shares in Fox Marble were down more than 1% as its 2016 order-book value fell to €4m, down €0.5m on the year due to sterling's weakness following UK's non-binding Brexit vote in June.

A revised order from a customer was also a factor, the company said.

However, directors noted they were beginning to see progress not only in increasing the order book, but also conversion of the order book into sales.

They anticipated fulfilling the Kosovo and Balkans marble quarrying and finishing company's order book for the 2016 financial year.

Fox Marble's first-half revenues totalled €0.26m, with advances received totalling €415,000.

Its factory was nearing completion with two of the three eighty-blade block processing gangsaws installed, the block yard prepared and the two gantry cranes operational.

At 12:09 BST, shares in Fox Marble were down 1.33% to 9.25p.