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17 Feb 2016 07:00
17 February 2015
NORCON PLC
("Norcon" or the "Company")
Trading Update
The Board of Norcon Plc is pleased to announce, that revenue for the year ended 31 December 2015 is expected to be similar to that recorded in the year ended 31 December 2014. The benefits of the last few years of restructuring are beginning to be felt which, along with the delayed projects from the first half contributing, means that the Board expects to report stronger margins and a significantly better performance in the second half. This is expected to result in a profit before tax for the full year following a loss before tax of $0.2m in the first half. The Board is pleased with the performance in the second half of the year which bodes well for 2016 and notes that its business in the Middle East has not been impacted by the lower oil price. The Group retains a healthy balance sheet and looks to the future with confidence.
CONTACTS:
Norcon plc |
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Trond Tostrup, Executive Chairman | +47 901 69 369 |
Arne Dag Aanensen, Chief Financial Officer | +357 25736830 |
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finnCap |
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Corporate Finance - Stuart Andrews/Carl Holmes | +44 (0) 20 7220 0500 |
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ABOUT NORCON:
Established in 1957, Norcon (LSE/AIM: NCON) has been a trusted consultant and project manager for more than half a century to governments and some of the world's largest global firms. These organisations rely on Norcon to select, implement and maintain a communication infrastructure that not only matches, but also supports the critical needs of their operations. Norcon's strength lies in its understanding of complex communication networks and their design.
www.norconplc.com
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