Trading Statement (8547W)
February 06 2012 - 6:09AM
UK Regulatory
TIDMBSST
RNS Number : 8547W
BlueStar SecuTech, Inc.
06 February 2012
BlueStar SecuTech Inc.
('BlueStar' or the 'Company')
Trading Update
BlueStar SecuTech Inc. (AIM: BSST), a leading provider of
digital video surveillance solutions in China, provides a trading
update following a review by its sales team of the Company's
expected performance for the second half of its financial year
ending 31 March 2012.
Whilst BlueStar's sales prospects for the first few months from
30 September 2011 were encouraging, the outlook for revenues
following the Chinese New Year holiday is lower than previously
expected. Furthermore, although the Company succeeded in winning a
number of contracts towards the end of 2011, it anticipates that
revenue will not be recognized from some of these contracts until
after its financial year end. As a consequence, BlueStar's revenues
for the full year are expected to be lower than last year's
revenues and will have a material effect on the Company's net
profits, which are now expected to be significantly lower than the
board's original forecasts.
-Ends-
Enquiries:-
BlueStar SecuTech, Inc. www.bstar.com.cn
Romeo Kwok, Senior Vice President &
CFO + 86 10 8225 5855
Antonia Ping, Company Secretary
Westhouse Securities www.westhousesecurities.com
Tom Price/ Petre Norton +44 (0)20 7601 6100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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