26th Jul 2018 11:29
LONDON (Alliance News) - Stilo International PLC said Thursday it expects to report a "near break-even position" for the six months to June 30, as it did not make the sales required to compensate for an orders shortfall.
In May, the company said it expected results for the year to be impacted by the non-repetition of two significant contracts received in 2017.
As it failed to compensate for this non-repetition during the first six months of 2017, Stilo does not expect to break-even in the first half, which is likely to continue into the second half as it looks to build its sales pipeline.
Shares were trading down 0.2% at 3.00 pence each.
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