Leading Belgian shoe chain Brantano on Thursday revealed a 44 per cent year-on-year plunge in nine month pre-tax profit to $8.7 million as it was hit by problems at its Dutch division and unseasonal weather.

The company also downgraded its full-year guidance by up to 30 per cent to 12 million euros from its original forecast of 17 million euros. It posted a pre-tax profit of 18 million euros in the year-ago period.

Brantano last month posted a seven per cent jump in nine month revenues and yesterday said plans announced in August to bring its Dutch unit under control of Belgian management were progressing well.

It added nine month same-store sales in the Netherlands slipped 14.9 per cent but climbed 0.9 per cent in Belgium, 2.1 per cent in the UK and 13.1 per cent in Denmark.