29th Sep 2006 16:30
Capcon Holdings PLC29 September 2006 29 September 2006 Capcon Holdings plc Trading Statement Capcon Holdings plc, the AIM-listed investigations, auditing and stocktakinggroup, announces that it is expecting to report a loss before tax andexceptional items for the year to 30 September 2006, of approximately £1.4million. This compares with equivalent losses of £2.28 million and £0.73 millionreported for the previous year and the first six months to 31 March 2006respectively. The revised deficit for the current financial year is in excess of earlierindications. This has arisen primarily because an anticipated upturn in theaudit and stocktaking business has not materialised and the commercialinvestigations division has remained depressed following the departure earlierthis year of senior management. As indicated at the interim stage, the Board has achieved significant reductionsin central costs which will impact on the new financial year. Also as previouslyreported, Capcon is at an advanced stage of negotiations with a team of seniorprincipals who would inject new management and additional capital into theCompany as well as open up substantial new business opportunities for futureexpansion. ENDS For further information, please contact: Robin Boyle, non-executive director on: 020 7628 7937 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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