Trading Statement

RNS Number : 9118V

BATM Advanced Communications Ld

10 November 2010

 



10 November 2010

BATM Advanced Communications Limited

Trading update

BATM Advanced Communications Limited ("BATM" or the "Company") (LSE: BVC), a leading designer and producer of broadband data and telecoms systems and medical laboratory systems, is issuing a trading update for the year ending 31 December 2010.

We expect revenues in the second half of the year to be in the region of $63 million, an increase of 14% over revenues in H1, which would result in full year revenues of circa $119 million, which is in line with the guidance announced at the interim stage as announced in August 2010.

We also expect operating profit (excluding amortization) of circa $6 million for the second half of the year. This represents an increase of 362% over the $1.3 million reported for the first half of the year.

This gives an operating profit guidance of circa $7.3million for the full year figure.

The Company expects to announce preliminary results in February 2011.

Enquiries

BATM Advanced Communications                           [phone]

Dr Zvi Marom, Chief Executive

Ofer Bar Ner, Chief Financial Officer                      [phone]

Threadneedle Communications                               020 7653 9850

Josh Royston / Graham Herring

Singer Capital Markets Ltd                                           020 3205 7626 

Shaun Dobson  

Shore Capital                                                                     020 7408 4090 

Pascal Keane

 

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