23rd Jul 2015 07:24
LONDON (Alliance News) - Scientific instruments company Judges Scientific PLC Thursday said it expects to post earnings per share for the half year to end-June below the previous year, although it remains confident in meeting market expectations for its full year.
According the broker forecasts provided by Morningstar, WH Ireland Ltd and Shore Capital both expect Judges Scientific to post a pretax profit of GBP8.2 million for 2015.
The company attributed the lower earnings per share to build up in its order book, which led to a reduction in organic revenue. Judges Scientific said its order book "acts as a store of future revenue and profitability, impacting earnings positively or negatively as the order book is reduced or rebuilt."
Judges expects a stronger second half weighting based on the interim order book that has built up during the period.
Its first-half results will also include a contribution from its acquisition of Armfield Ltd in January.
Shares in Judges are trading down 7.8% at 1,516.00 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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