Workwear company Alexandra issued a profit warning for its full year, despite noting a "significant" rise in sales during September and October.

The UK company said turnover for the nine months to 31 October was down 17%, in line with sales trends from earlier in the year.

But it added that sales had risen significantly in September and October, and were in line with management expectations in November.

Alexandra said the effect on EBITDA of the revenue slump had been mitigated by proactive management, reorganisation and cost reductions - decreasing overheads by more than 17%.

"Nonetheless, current indications are that profit before tax and exceptional items for the full year is likely to be below management's expectations," the company said.

"The board remains cautiously optimistic about Alexandra's prospects and its ability to exit from the current economic climate stronger and more able to build on its market-leading position.

"The current priority is to establish an appropriate funding and capital structure to facilitate this."