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13 Jun 2008 11:28
SerVision plc (' SerVision ' or 'The Company')
Trading update
SerVision plc is providing the market with a trading update in relation to the 12 Months ended 31 December 2007.
Total revenues for 2007 were in the region of $4.1m (2006: $3.5m) and losses were in the region of $1.5m (2006 loss: $2.8m) which although behind market expectations were well ahead of the same period in 2006 representing a 17% increase in sales with losses reduced by 45%.
The new financial year has started well, with existing contract development work progressing well. The board maintains that the future of the Company is secure and that the business is on a sound footing with a healthy indicative order book for 2008 details of which will be released with the final results for the year ended 31 December 2007 on or before 30 June 2008.
- Ends -
Further enquiries:
SerVision plc +972 2535 0015
Eitan Yanuv, Finance Director
HB Corporate 020 7510 8598
Imran Ahmad/Rory Creedon
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