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Comment (LONDON, Aug 20 (Reuters) - Inkjet printing technology firmXaar plc (XAR.L: Quote, Profile, Research, Stock Buzz) warned on Wednesday of lower profits in thesecond-half of its financial year, as global economic headwindscause slower demand in its major China market.
Shares of Xaar, which were down 42 percent for the yearuntil Tuesday's close, fell a further 10 percent to 110 pence by 0705 GMT.
"The current international economic issues are affecting theglobal printing market and Xaar cannot reasonably expect to beimmune from this," Chairman Phil Lawler said in a statement.
"We now believe sales to China will be lower than previouslyexpected for the second half of the year and this will have someeffect on second-half profitability."
Xaar will provide further guidance in October, he added.
Cambridge-headquartered Xaar had earlier reported first-halfpretax profits rose a fifth to 3.8 milli...
