Norcon PLC Trading Update (2553P)
17 Février 2016 - 8:00AM
UK Regulatory
TIDMNCON
RNS Number : 2553P
Norcon PLC
17 February 2016
17 February 2015
NORCON PLC
("Norcon" or the "Company")
Trading Update
The Board of Norcon Plc is pleased to announce, that revenue for
the year ended 31 December 2015 is expected to be similar to that
recorded in the year ended 31 December 2014. The benefits of the
last few years of restructuring are beginning to be felt which,
along with the delayed projects from the first half contributing,
means that the Board expects to report stronger margins and a
significantly better performance in the second half. This is
expected to result in a profit before tax for the full year
following a loss before tax of $0.2m in the first half. The Board
is pleased with the performance in the second half of the year
which bodes well for 2016 and notes that its business in the Middle
East has not been impacted by the lower oil price. The Group
retains a healthy balance sheet and looks to the future with
confidence.
CONTACTS:
Norcon plc
Trond Tostrup, Executive Chairman +47 901 69 369
Arne Dag Aanensen, Chief Financial Officer +357 25736830
finnCap
+44 (0) 20 7220
Corporate Finance - Stuart Andrews/Carl Holmes 0500
ABOUT NORCON:
Established in 1957, Norcon (LSE/AIM: NCON) has been a trusted
consultant and project manager for more than half a century to
governments and some of the world's largest global firms. These
organisations rely on Norcon to select, implement and maintain a
communication infrastructure that not only matches, but also
supports the critical needs of their operations. Norcon's strength
lies in its understanding of complex communication networks and
their design.
www.norconplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
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