Fleetwood FY profit slumps

The mobile accommodation manufacturer posted a sharp fall in full-year profit as the softening resources sector continues to impact operations.

Fleetwood Corporation (FWD) expects weak demand from the resources sector to further drag on its operations into 2013-14 after posting a fall in net profit that missed analyst estimates.

The mobile accommodation manufacturer's share price dived by 14.8% to $3.52 at 1043 AEST, the worst fall since its trading update in May flagged a poor result.


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