Touchstar PLC Trading Update (3695T)
05 January 2017 - 6:00PM
UK Regulatory
TIDMTST
RNS Number : 3695T
Touchstar PLC
05 January 2017
5 January 2017
Touchstar plc
Trading Update
The Board of Touchstar plc ((AIM:TST) 'Touchstar', the 'Company'
or 'the Group'), announces that the Company experienced a difficult
end to the financial year. The combined negative factors of a
deferral in certain orders into 2017 and having to provide for a
significant bad debt at our Touchstar Access Control (the first in
Group history) means the Company will no longer meet expectations
for the financial year ending 31 December 2016. Profit before tax
in the second half of 2016 is now expected to have been broadly
break-even.
Touchstar made a great deal of progress during 2016 so it is
naturally very disappointing to report this news. The Company
expects to release financial results for the year ending 31
December 2016 around mid-April.
Whilst it is very early to comment on the prospects for the
current year, at this stage the Board remains comfortable with the
current market expectations for 2017.
For further information, please contact:
Touchstar plc Ian Martin 01274 741860
Mark Hardy 01274 741860
WH Ireland - Nominated Mike Coe/Ed 0117 945
Adviser Allsopp 3472
WH Ireland - Investor 0113 394
Relations Jessica Metcalf 6623
Information on Touchstar plc can be seen at:
www.touchstarplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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