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Pin to quick picksImage Scan Holdings Share News (IGE)

Share Price Information for Image Scan Holdings (IGE)

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Share Price: 1.70
Bid: 1.60
Ask: 1.80
Change: 0.00 (0.00%)
Spread: 0.20 (12.50%)
Open: 1.70
High: 1.70
Low: 1.70
Prev. Close: 1.70
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Image Scan warns of losses following delayed government contracts

Wed, 26th Jun 2019 09:49

(Sharecast News) - X-ray screening systems supplier Image Scan told investors on Wednesday that security orders and sales had been "disappointing" during its third trading quarter and warned that it was now unlikely to meet market expectations for full-year sales and profits.Image Scan said that several overseas government projects for portable X-ray systems, which had been expected to contribute to on-target earnings, had been delayed or postponed and were now "unlikely to be realised in this year's results".In light of this, the AIM-listed business revealed it was now expected to record a loss for 2019, although the amount of red ink at year-end would still depend on orders due to be received in coming months.Chairman and chief executive Bill Mawer said: "Historically, our second half sales have been substantially stronger than those in the first half, and in announcing our FY 2019 first-half results, we could see a strong enough pipeline to support our year-end expectations."That a number of those projects have not materialised is disappointing and has led to this revised view of the year-end."As of 0945 BST, Image Scan shares had slumped 33.33% to 0.90p.
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Image Scan has X-ray factor

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5 Oct 2009 07:43

Car industry slowdown hurts Image Scan

X-Ray imaging group Image Scan is seeking to tilt its business towards security scanning and away from industry after seeing a slowdown in sales in the latter category. The firm has been hit hard by the downturn in car manufacturing around the world, though it did point out that it has benefited fr

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17 Jun 2009 08:19

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