Quadnetics Group PLC
08 July 2003
8 July 2003
Trading Statement
Quadnetics Group plc, a leader in the design, integration and control of
advanced CCTV and networked video systems, is providing the following trading
update as it goes into its closed period.
Having reviewed the draft unaudited management accounts for the financial year
recently ended, the Board believes that the Group's profits for the year will be
in excess of current market expectations. The Board expects that the Group's
consolidated profit before tax for the year to 31 May 2003 will not be less than
£1.35 million on sales of approximately £20 million. A full preliminary
announcement of results will be made as usual in September.
Peter Rae, Chairman, said:
'As anticipated at the time of our interim results, the Group has continued to
benefit from strong growth in both sales and margins, especially in the area of
large-scale digital CCTV security systems. A number of important product
development issues were successfully resolved during the year, and we have
growing confidence that Quadnetics' digital video network and control products,
and systems integration solutions, are at the technical forefront of a rapidly
evolving industry.
A significant factor in our growth plans is the rate of adoption of our new
patent pending Time Lapse Later (TLL) powered digital CCTV recording systems,
which initially store images from all cameras in high quality broadcast format,
then progressively time-lapse for long term archive in order to reduce overall
storage requirements and cost.
Although it is too early to predict the outcome, a good pipeline of existing and
potential new business continues to give the Group real momentum into the
current year. Subject to the obvious caveats, we do expect further progress in
results.'
8 July 2003
For further information please contact:
Quadnetics Group
Russ Singleton (Chief Executive) 01527 850 080
e-mail: r.singleton@quadnetics.com
Brewin Dolphin Securities
Neil Baldwin 0113 241 0130
Media enquiries:
Bankside Tel: +44 (0) 20 7444 4140
Julian Bosdet / Peter Curtain
e-mail: peter.curtain@bankside.com
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.