Rubicor Group announced on Tuesday afternoon that the company was expecting earnings before interest, tax, depreciation and amortisation for the six months to December 31, 2011, to be between $4.5 million and $5 million. This compares with $5.9 million for the previous corresponding period.

Management went on to say that the forecast assumes no significant change in market conditions for the remainder of the half-year, which to date has been very disappointing and seems certain to remain challenging.