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1 Mar 2013 07:00
Avia Health Informatics Plc
("Avia" or "the Company")
Trading update
Further to the update announcement by the Company on 24 January 2013, the Directors of Avia have provided an update on current trading.
Whilst trading continues to remain challenging, the Directors announce that performance in January 2013 was ahead of their expectations and that the Company traded at profitability. Unfortunately, sales in February 2013 were behind the Directors' expectations due to ordering delays within the NHS, the Company's principal customer. However, the Directors anticipate that these sales will be received during March and will contribute to the Company's results to 31 March 2013. Notwithstanding this, the Directors anticipate that the results for the year ended 31 March 2013 will be somewhat behind their earlier expectations.
The Company's cash flow continues to be tight and the Company remains in discussions with its principal creditor in relation to the deferral of amounts owed. This creditor has, to date, adopted a flexible and supportive approach.
1 March 2013
Enquiries:
Avia Health Informatics Plc | +44 (0) 1494 618 503 |
Roger Lane-Smith, Non-Executive Chairman Jeremy Dale, Chief Executive
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Allenby Capital (Nominated Adviser and Broker) | +44 (0) 20 3328 5656 |
Nick Naylor Mark Connelly
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