NetDimensions cautions over H2 sales

(ShareCast News) - NetDimensions cautioned on Monday that the lower-than-expected sales seen in the first half were likely to roll over into the second part of the year.In a trading update for the six months ended 30 June, the provider of performance, knowledge and learning management systems said revenue was broadly unchanged from the prior period and the adjusted earnings before interest, tax, depreciation and amortisation loss was below $1m.This marked an improvement on the $1.8m loss in the first half of 2015, thanks to better management of expenses, which will also benefit the full-year EBITDA result.Chief executive officer Jay Shaw said: "First-half sales were somewhat lower than expected with delays in deal roll-outs affecting revenue growth and this looks likely to continue into the second half of the year. The company will continue to maintain a tight focus on cost control and we would expect this to contribute to an improvement in full-year profitability."At 1340 BST, shares were down 25% to 43.70p.