LONDON (Alliance News) - Back office software company EG Solutions PLC on Thursday affirmed its profit guidance for its financial year to the end of January, but said first-half trading will be weaker than previously anticipated.
EG Solutions said it has continued to see positive progress on large deal developments with its channel partners and customers.
However, due to the timing of its talks on these contracts, its trading performance and cash generation for the first half to the end of July will be lower than previously anticipated.
The company expects this shortfall to be offset by a stronger trading performance in the second half.
EG Solutions shares were untraded on Thursday morning, having last traded at 54.10 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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