10th Oct 2014 12:39
LONDON (Alliance News) - Holders Technology PLC Friday warned that its performance in the year to end-November 2015 may be hit after an undisclosed printed circuit board supplier opted to terminate its distribution agreement with the company.
Holders said that the supplier will terminate the contract on terms to be agreed during the next financial year.
In the nine months to end-September, the contract with this supplier contributed around 10% of Holders' revenue, it said. Although it can mitigate the loss of the contract via alternative strategies and cost reduction measures, it cautioned that the timing and value of these actions is uncertain.
Shares in Holders Technology are trading up 1.0% at 50.50 pence Friday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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