Arria NLG to Miss Expectations as Shell Terminates Contract
April 30 2015 - 3:38AM
Dow Jones News
LONDON-- Arria NLG PLC (NLG.LN), a specialist in technology for
automatic report writing, Thursday said a contract with oil company
Royal Dutch Shell PLC's (RDSA.LN) Shell Exploration &
Production Company announced last year has been terminated.
Trading and revenue for the year ended September 2015 will be
significantly below expectations due to the termination, said
Arria, adding that discussions over fundraising have been suspended
as these had been predicated on revenue expectations that included
the Shell contract.
Shares at 0705 GMT, down 24 pence, or 77.4%, at 7 pence valuing
the company at GBP7.3 million ($10.9 million).
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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