Univision Regulatory News (UVEL)

25 Sep 2009 16:28



25 September 2009

UniVision Engineering Limited

("UniVision" or "the Group)

Trading update

UniVision, the AIM listed Hong Kong based designer and installer of digital surveillance and integrated security systems, expects to announce its results for the year ended 31 March 2009 on 30 September 2009. 

In these results the Group anticipates recording a loss after tax in the region of £0.5 million for the year ended 31 March 2009. The Group's out-turn for the financial year ended 31 March 2009 has been negatively impacted by certain adjustments totalling approximately £1.0 million. These adjustments relate to the reversal of prior recognition of deferred tax assets on the Group's balance sheet and goodwill impairment in the Group's Taiwan subsidiary..

-ends-

For further information visit www.uvel.com or contact

Univision Engineering Limited +852 2389 3256

Stephen Koo, Chairman

Chun Hung Wong, CEO

Notes to Editors:

About UniVision Engineering

UniVision was incorporated in Hong Kong in 1979 and is now established in Hong Kong, Macau and China. The Group designs, sources and sells its own brand-name products and OEM products including, Microprocessor CCTV Control Systems, Video Distribution Amplifiers, Fibre Optic Transmission Systems and Smart Card Access Systems. 

UniVision currently offers hybrid security systems and has a portfolio of cutting edge digital technology used by its blue chip client base and the Hong Kong Government. UniVision is included in the Hong Kong Government's list of "Approved Suppliers and Installation of Video Electronics Equipment".

To date the Group has completed high profile projects for clients including Hong Kong International Airport, Tsing Ma Bridge Crossing, Mass Transit Railway, Shanghai Plaza 66 and Sydney CityRail Network selling its products through its distribution channels in China, Taiwan and other Asian countries.

The Group listed on AIM, part of the London Stock Exchange, in December 2005.