Last checked at 10 Nov 2010 07:00
10 November 2010
BATM Advanced Communications Limited
Trading update
BATM Advanced Communications Limited ("BATM" or the "Company") (LSE: BVC), a leading designer and producer of broadband data and telecoms systems and medical laboratory systems, is issuing a trading update for the year ending 31 December 2010.
We expect revenues in the second half of the year to be in the region of $63 million, an increase of 14% over revenues in H1, which would result in full year revenues of circa $119 million, which is in line with the guidance announced at the interim stage as announced in August 2010.
We also expect operating profit (excluding amortization) of circa $6 million for the second half of the year. This represents an increase of 362% over the $1.3 million reported for the first half of the year.
This gives an operating profit guidance of circa $7.3million for the full year figure.
The Company expects to announce preliminary results in February 2011.
Enquiries
BATM Advanced Communications +972 9866 2525
Dr Zvi Marom, Chief Executive
Ofer Bar Ner, Chief Financial Officer +972 523 750 288
Threadneedle Communications 020 7653 9850
Josh Royston / Graham Herring
Singer Capital Markets Ltd 020 3205 7626
Shaun Dobson
Shore Capital 020 7408 4090
Pascal Keane