14th Jul 2014 07:47
LONDON (Alliance News) - Huntsworth PLC shares plummeted Monday after the public relations and healthcare communications group said results for the first half of the year will be below market expectations.
Huntsworth shares were trading at 42.62 pence early Monday morning, down 18%. They hit an intraday, and 52-week, low of 40.00p immediately after the open.
In a short statement Monday, the company said it hopes to see a trading improvement in the second half of the year.
"The board is reviewing the second half year and, while there is work to do, we believe that the second half will show improvement over the first half year," the company said.
Back in April, Huntsworth posted a decline in pretax profit for 2013, hit by declining revenue and restructuring costs as it continued its investment programme. It said revenue was hampered by the concentration of its operations in the UK and Europe, Huntsworth said, where economic recovery was slow.
The company said it will release its half-year results in mid-August.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
HNT.L