Belgravium Technologies PLC Update on Trading (9693S)
07 December 2012 - 6:01PM
UK Regulatory
TIDMBVM
RNS Number : 9693S
Belgravium Technologies PLC
07 December 2012
7 December 2012
Belgravium Technologies plc
Update on Trading
The Board of Belgravium Technologies plc (AIM:BVM) 'Belgravium'
or 'the Group'), suppliers of mobile data computing solutions and
managed services to a variety of industrial sectors provides the
following update on trading for the financial year ended December
2012.
Group Trading Performance
It was reported at the time of publishing interim results that
the Group was experiencing delays in anticipated contract orders as
customers were proving reluctant to commit to the necessary
expenditure. At the time, we expected that these orders would be
received in the second half as has been the case in previous years
when we have normally enjoyed much stronger trading with a
particularly good final quarter.
It is now apparent that these orders are unlikely to materialise
within this time frame and as a result, the Group's sales and
profit levels for the year are likely to be below market
expectation.
On the positive side, the Board is mindful that sales order
prospects have not been lost, but delayed and that the Group cash
flow remains positive. Whilst the cost base is being actively
reviewed, it is anticipated that dividend payments to shareholders
will be maintained at a similar level to last year.
For further information please contact:
Belgravium Technologies Plc John Kembery 07770 731021
W H Ireland - Nominated Advisor Mike Coe 0117 945 3470
W H Ireland - Investor Relations Jessica Metcalf 0113 394 6623
Cadogan PR Alex Walters 07771 713 608
Information on Belgravium Technologies plc can be seen at
www.belgravium-technologies.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTBKADBOBDDBBK
Belgravium (LSE:BVM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Belgravium (LSE:BVM)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Belgravium Tech (London Stock Exchange): 0 recent articles
More Belgravium News Articles