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Vicorp Group PLC (VICP)

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Wednesday 07 January, 2009

Vicorp Group PLC

Trading Statement

RNS Number : 2653L
Vicorp Group PLC
07 January 2009
 



7 January 2009


Vicorp Group Plc

('Vicorp', 'the Group', or 'the Company')


Trading Update


 


Full year results year ending 31 December 2008


The directors of the company announce today that it expects to make a loss for the year ended 31 December 2008 ('full year'). Trading has been affected by delays in certain contracts being signed leading to reduced sales. Consequently, the final results for 31 December 2008 are expected to fall materially below current market expectations, as published by Edison on 16 September 2008, which indicated sales and losses before tax for the full year of £2.65m and £0.5m respectively. These expectations will not be met.


The Group will release a publication date for its full year results in due course.



CEO Brendan Treacy commented: 'We have witnessed a general reduction in procurement within our sector leading up to the year end. However, we anticipate that there will be further uptake in voice self-service during the economic downturn as evidenced by recent new sales leads being generated'.


-ends-


For further information, please contact:


Brendan Treacy, Chief Executive, Vicorp Group PLC                Tel: 01753 660 500

www.vicorp.com


Peter Manfield, SVS Securities PLC                                       Tel: 0207 638 5600


Ray Zimmerman/Jonathan Evans, 

Zimmerman Adams International Limited                                 Tel: 0207 060 1760



This information is provided by RNS
The company news service from the London Stock Exchange
 
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