NCB cuts forecast for Qualceram

NCB Stockbrokers has sharply cut its earnings forecast for Qualceram Shires, which issued a profits warning on Monday.

The broker said it was pencilling in earnings per share of 22.4 cents for 2004, a drop of 44%.

“Our forecast reduction reflects a number of pressures, mainly external, faced by the group in the second half of 2004,” it said yesterday.