14th Nov 2013 14:43
LONDON (Alliance News) - The Vitec Group PLC said it was on track to meet full year expectations as it saw in-line trading since its half-year results, despite challenging markets.
The company produces equipment and services for the broadcasting, entertainment and photographic industries.
In the period from July 1 and October 31 the company said that it had continued to deliver cost reductions and streamline its operations.
Its Videocom Division performed well in the period and continued to see good progress in integrating the newly acquired Teradek LLC wireless device business. Vitec said that its Imaging Division had "delivered as expected" in the challenging photographic market. Its Services Division traded in line with expectations.
Vitec will announce its full-year results February 26.
Shares in Vitec were trading down 1.00 pence at 697.00 pence Thursday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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