Trading Statement

RNS Number : 9586D

Omega Diagnostics Group PLC

11 December 2009

 



Omega Diagnostics plc

("Omega" or the "Company")

Trading Update

The Board indicated in the Company's interim results released on 27^th November 2009 that additional growth in Genarrayt sales depended on a resolution to improving the method of manufacturing of these slides. The Board has been continually reviewing the capabilities of the non-contact printing system for manufacturing the Genarrayt slides on a consistent basis. However, following a further technical review of the process today the Board has concluded that until the issues with the manufacturing process are fully resolved the Company will revert solely to the previous manufacturing method. Under the previous manufacturing method the number of slides that can be manufactured is lower than using the non-contact printing system. Consequently, the Board now advises that revenue for the year ended 31 March 2010 is expected to be marginally lower than its previous expectations and that there will be a consequential impact on adjusted profit before tax.  

Omega Diagnostics Group PLC	Walbrook PR Ltd
Tel: [phone]	Paul McManus
Andrew Shepherd, Chief Executive	Tel: [phone]
Kieron Harbinson, Finance Director	Mob: [phone]
www.omegadiagnostics.com	[e-mail] Cenkos Securities plc Nomad and Broker Nick Wells/Andy Roberts Tel: [phone]

 

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