Densitron Technologies PLC Trading Statement & Result of AGM (4029H)
June 19 2013 - 9:00AM
UK Regulatory
TIDMDSN
RNS Number : 4029H
Densitron Technologies PLC
19 June 2013
Densitron Technologies plc
Trading update and result of AGM
Densitron Technologies plc ("Densitron" or the "Company" or the
"Group") announces that, at the Company's annual general meeting
held earlier today, all of the resolutions proposed to shareholders
were duly passed and today provides an update on its trading
activities.
Displays Business
The difficulties in closing business that were encountered
during the second half of 2012 have continued into the first half
of 2013. At present the level of sales are in line with those
achieved in 2012. A number of projects have moved forward and,
while noting the ongoing protractions in closing business, we
expect to see revenues from them during the second half of the year
and into 2014.
Land at Blackheath
We are continuing with the strategy outlined in the 22 May 2013
Preliminary Results announcement for the site at Blackheath. Having
secured the certificate of lawful use for the clubhouse and land we
are now proceeding with an application to replace the clubhouse
with a residential building of an equivalent size.
Claim against the Company
As also explained in the 22 May 2013 Preliminary Results
announcement we are working to find a solution on the writ that the
Company received in relation to the property occupied by a former
Group company. The situation remains largely unchanged and we
continue to work to bring this matter to a resolution as soon as
possible.
Outlook
Having re-positioned the business with the introduction of our
internally developed products and services, I am confident that the
outlook for the business is positive and I expect the result for
the year to exceed that achieved in 2012. With the newly developed
products and services and the expansion of the business' global
footprint I am confident that the medium to longer term prospects
for the business are good and would expect to see increasing orders
being booked in the second half of the year to support this
expectation.
Enquiries:
Densitron Westhouse Securities
Grahame Falconer / Tim Pearson Martin Davison/ Jonathan Haines
Tel: 0207 648 4200 Tel: 020 7601 6100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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