Batm Advanced Share News (BVC)

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14.30 0.80 (5.93%)

Bid:

13.30

Ask:

14.25

Spread: 0.95 (7.143%)

Market Cap: £48.63m

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Orders picking up at BATM

Wed, 17th Jun 2009 07:34

Telecoms network company BATM Advanced Communications is confident of hitting its targets for this year despite difficult market conditions.The chairman, Peter Sheldon, said last year’s comparative figures for the first half are tough, thanks largely to the boost in business received from the Olympic Games, and revenue in the first half of the current financial year is likely to be more in line with the levels seen in the second half of last year.Profitability is likely to be a tad lower than in the second half of last year, however, because of exchange rate fluctuations.Looking forward, the company said it has seen a noticeable improvement in the company’s order book in the last couple of months, with prospects in the Far East, in particular, looking up.