Greenbank to beat forecasts

SHARES in Walker Greenbank rose 5.7 per cent after the wallpaper and fabrics maker said yesterday it expects full-year profit to beat market expectations, helped by a strong performance across all its brands.

“Walker Greenbank has an impressive track record, growing at 16 percent per annum over the last three years,” Seymour Pierce analyst Kate Calvert said yesterday.

“It has a unique range of the brands in the luxury interior furnishings market and we expect operational gearing to come through in earnings over the next three years.”