National Tyre & Wheel Limited announced earnings guidance for the second half of fiscal year 2020. For the period, the group is expecting profit to fall below expectations because Market conditions are not likely to improve. In particular, pressure from higher import prices, continued discounting by competitors, as well as sluggish consumer demand (impacting premium products) expected to continue will impact volume and margins; While near source procurement will be delayed by 6-8 weeks due to production/delivery issues in China related to the Coronavirus, the Group's other solutions (new products, operating improvements and new distribution channels) remain on track to be completed in fourth quarter of FY2020 with the full financial impact of these initiatives arriving in FY2021; Support from suppliers to deal with rising import prices has fallen short of expectations and the timing of the limited support received to date means that benefits will not accrue until FY2021; and While expenses are below expectations in H1, existing commitments will mean that further cost cutting will not have a material impact until FY2021.