31st May 2016 11:44
LONDON (Alliance News) - Digital surveillance and integrated security systems installer UniVision Engineering Ltd on Tuesday said a deterioration of trading in its Taiwan subsidiary is set to hit its results for the year to the end of March.
UniVision said T-Com Technology Co Ltd, in which it owns a 52% stake, posted an operating loss for the first half to the end of September, and trading conditions have continued to deteriorate since.
As a result of the weak conditions at T-Com, UniVision said its results for the year to the end of March are set to take an adverse hit.
Shares in Univision were untraded on Tuesday afternoon, having last traded at 0.63 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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