Concurrent Technologies PLC
07 December 2004
Concurrent Technologies Plc
Pre-Close Period Trading Update
Since we announced our interim results for the period to 30 June 2004, the
Company has continued to make good progress. We now have visibility of
scheduled production and sales through to the year-end and anticipate second
half sales to exceed those of the first six months. We now expect a pre-tax
profit for the full year, albeit not reaching the level of last year but this
includes taking account of material adjustments due to the recent decline in the
value of the dollar.
We have recently completed our budgeting exercise for 2005 and concluded that
the current upward trend should continue. Both the level of new enquiries and
live projects are at record levels and we have a much broader range of customers
than ever before. Our single board computers are designed into our customers'
products and due to their complexity, it takes time for them to come to market
and for our sale to take place. As the number of customers increases, the
visibility of our sales will improve. Product development has continued at a
rapid pace and we have launched 13 new products in 2004 with more anticipated in
2005.
We are planning senior appointments at operational level over the coming year to
enable us to exploit the opportunities we have identified, particularly in China
and the USA. Expanding our sales capability and presence in the USA, our largest
market, is a priority for 2005.
We go into 2005 with confidence as we are witnessing an increasing demand for
our products from a wider customer base.
07 December 2004
Enquiries
Concurrent Technologies
Glen Fawcett 01206 752626
College Hill
Nicholas Nelson 020 7457 2020
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.